Ecmc Foundation

Analysis

Ecmc Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ecmc Foundation reported income of $58.2m and spending of $65.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.4m to $58.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 971%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ecmc Foundation 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 MN. Charities of a similar size with the same main cause include Strive Preparatory Schools ($58.2m), Heartland Charter School ($58.3m) and Fuller Theological Seminary ($58.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $1.5m (2.2% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $1.70bn against liabilities of $38.7m, net assets of $1.66bn. It reported 25 employees.