Edina Education Fund

Analysis

Edina Education Fund is a registered charity in United States, based in Edina, 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 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, Edina Education Fund reported income of $579k and spending of $575k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $371k to $579k (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edina Education Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Saugatuck Nursery School Inc ($579k), Out Front Theatre Company Inc ($579k) and McLean County Unit Dist 5 Music Parents Association ($579k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $60k (10% of expenses). Other salaries and wages came to $40k. At year end it held assets of $269k against liabilities of $41k, net assets of $228k. It reported 2 employees.