Educare Foundation Inc

Analysis

Educare Foundation Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Educare Foundation Inc reported income of $202k and spending of $96k, leaving 52% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $222k to $202k (-9.2%), an average of -1.9% a year. The sharpest change came in the year to June 2024, when income rose by 113%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educare Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Union Volunteer Fire and Rescue Inc ($202k), Oak Grove Volunteer Fire Department Inc ($202k) and Alabama Alliance Network ($202k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.1m against liabilities of $87k, net assets of $1.0m.