Council for Educational Travel

Analysis

Council for Educational Travel is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Council for Educational Travel reported income of $6.8m and spending of $7.0m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.7m to $6.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to August 2020, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Council for Educational Travel sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include The Womens Home ($6.8m), Good Stuff Thrift Inc ($6.8m) and Royal Palm Academy Inc ($6.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $887k (13% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.0m against liabilities of $2.4m, net assets of $634k. It reported 79 employees.