Ecmc Group Inc

Analysis

Ecmc Group Inc 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 Group Inc reported income of $5.04bn and spending of $269.1m, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $361.7m to $5.04bn (+1294%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 979%. Over the whole period it spent 21% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ecmc Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Massachusetts Institute of Technology ($4.95bn), Washington University ($5.09bn) and University of Chicago ($4.66bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $5.2m (1.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $5.29bn against liabilities of $4.02bn, net assets of $1.28bn. It reported 233 employees.