Edison Universe Inc

Analysis

Edison Universe Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Edison Universe Inc reported income of $277k and spending of $368k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $277k (+929%), an average of +79% a year. The sharpest change came in the year to December 2020, when income rose by 4531%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edison Universe Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Operation Round-Up Trust ($277k), Foundation for Santa Barbara High School ($277k) and Grove Express Foundation ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 190% of the total. Compensation of current officers, directors and key employees was $41k (11% of expenses). Other salaries and wages came to $127k. At year end it held assets of $1.1m against liabilities of $1,498, net assets of $1.1m. It reported 3 employees.