Educational Advisory Foundation Inc

Analysis

Educational Advisory Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Educational Advisory Foundation Inc reported income of $201k and spending of $201k, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2023, income fell from $248k to $201k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Advisory Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Great Heights Inc ($201k), Rotary Club of Aiken Foundation ($201k) and Friends of the Henderson District Public Libraries ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (8.0% of expenses). Other salaries and wages came to $138k. It paid $12k in professional fundraising fees. At year end it held assets of $80k against liabilities of $44k, net assets of $36k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.