Ers Strategic Properties Inc

Analysis

Ers Strategic Properties Inc is a registered charity in United States, based in Rootstown, OH. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ers Strategic Properties Inc reported income of $14.7m and spending of $10.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $14.7m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ers Strategic Properties Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Norfolk Collegiate School ($14.7m), Advocates for Academic Excellence in Education Inc ($14.7m) and University Charter School ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $189k. At year end it held assets of $82.7m against liabilities of $94.0m, net assets of -$11.3m.