Grantmakers for Education

Analysis

Grantmakers for Education is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Grantmakers for Education reported income of $2.8m and spending of $3.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grantmakers for Education sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include The Boston Consortium for Higher Education Inc ($2.8m), Olmstrong Foundation Inc ($2.8m) and Foundation for Hearing Research Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $391k (13% of expenses). Other salaries and wages came to $715k. At year end it held assets of $3.1m against liabilities of $613k, net assets of $2.5m. It reported 9 employees.