Exalt Education Inc

Analysis

Exalt Education Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Exalt Education Inc reported income of $1.0m and spending of $872k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $727k to $1.0m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Exalt Education Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within AR. Charities of a similar size with the same main cause include Cook Native American Ministries Foundation ($1.0m), Duplin County Partnership for Children ($1.0m) and Armed Services Arts Partnership ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $304k (35% of expenses). At year end it held assets of $946k against liabilities of $96k, net assets of $850k.