Zearn

Analysis

Zearn is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, Zearn reported income of $45.3m and spending of $40.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $45.3m (+294%), an average of +41% a year. The sharpest change came in the year to June 2020, when income rose by 159%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zearn sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Lagrange College ($45.2m), Rowland Hall-St Marks School ($45.3m) and Friends University ($45.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $692k (1.7% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $62.5m against liabilities of $6.4m, net assets of $56.1m. It reported 182 employees.