Edchoice Inc

Analysis

Edchoice Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1996, 30 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, Edchoice Inc reported income of $10.6m and spending of $13.0m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $10.6m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edchoice Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Furlow Charter School Inc ($10.6m), Knowledge Academies Inc ($10.6m) and St Christophers School Foundation ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $812k (6.3% of expenses). Other salaries and wages came to $2.8m. It paid $178k in professional fundraising fees. At year end it held assets of $20.5m against liabilities of $1.3m, net assets of $19.2m. It reported 42 employees.