Demedici Corporation II

Analysis

Demedici Corporation II is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Demedici Corporation II reported income of $3.6m and spending of $4.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $3.6m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Demedici Corporation II sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Open Books Ltd ($3.6m), Center for Applied Science & Technology Network ($3.6m) and Intergenerational School ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $54.3m against liabilities of $59.4m, net assets of -$5.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.