Edward Foundation

Analysis

Edward Foundation is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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, Edward Foundation reported income of $2.5m and spending of $523k, leaving 79% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $3.1m to $2.5m (-20%), an average of -4.3% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Positive Childhood Alliance North Carolina ($2.5m), Mandan Hockey Club Inc ($2.5m) and Margaret Woodbury Strong Museum Charitable Trust ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $14.7m against liabilities of $298k, net assets of $14.4m.