Drexel Foundation for Educational Excellence Inc

Analysis

Drexel Foundation for Educational Excellence Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Drexel Foundation for Educational Excellence Inc reported income of $15.9m and spending of $12.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $15.9m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drexel Foundation for Educational Excellence Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Eagle Advantage Schools Inc ($15.9m), Cypress Christian School Inc ($15.9m) and Kuumba Academy Charter School Inc ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $170k (1.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $22.5m against liabilities of $17.1m, net assets of $5.4m. It reported 113 employees.