Edison School Corporation

Analysis

Edison School Corporation is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Edison School Corporation reported income of $503k and spending of $652k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $245k to $503k (+106%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edison School Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include North Smithfield Public Library ($503k), Center for Field Sciences ($504k) and Community Based Education Support Services-Friends of Connections ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $474k. At year end it held assets of $43k against liabilities of $266k, net assets of -$223k. It reported 23 employees.

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.