American Honda Education Corporation

Analysis

American Honda Education Corporation is a registered charity in United States, based in Estes Park, CO. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, American Honda Education Corporation reported income of $6.4m and spending of $7.2m, spending 111% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $7.4m to $6.4m (-13%), an average of -4.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Honda Education Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Austin Coming Together ($6.4m), Winterville Chater Academy Inc ($6.5m) and Sandhills Classical Christian School Inc ($6.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $210k (2.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $18.4m against liabilities of $508k, net assets of $17.9m. It reported 31 employees.