Invest in Education Foundation Inc

Analysis

Invest in Education Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 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, Invest in Education Foundation Inc reported income of $1.4m and spending of $797k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $364k to $1.4m (+294%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 240%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Invest in Education Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Partnership for Housing Affordability ($1.4m), Sunset French Immersion School Inc ($1.4m) and Flex High School of Cleveland Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (12% of expenses). It paid $15k in professional fundraising fees. At year end it held assets of $956k against liabilities of $45k, net assets of $911k. It reported 1 employees.