Educational Assistance Ltd

Analysis

Educational Assistance Ltd is a registered charity in United States, based in Glen Ellyn, IL. It received its IRS tax-exemption ruling in May 1982, 44 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 Assistance Ltd reported income of $5.4m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $5.4m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Assistance Ltd sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Lightning Foundation Inc ($5.4m), Westerly School of Long Beach ($5.4m) and Graham Expeditionary Middle School ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $274k (4.8% of expenses). Other salaries and wages came to $302k. At year end it held assets of $2.7m against liabilities of $58k, net assets of $2.6m. It reported 15 employees.