Educational Frontiers Inc

Analysis

Educational Frontiers Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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, Educational Frontiers Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $868k to $1.1m (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. 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, Educational Frontiers Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish ($1.1m), Accokeek Foundation Inc ($1.1m) and Ascentria Care Alliance Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $833k. At year end it held assets of $539k against liabilities of $67k, net assets of $473k. It reported 46 employees.