Higher Edge Inc

Analysis

Higher Edge Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in February 2014, 12 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 June 2024, Higher Edge Inc reported income of $349k and spending of $328k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $262k to $349k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2024, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Higher Edge Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Law and Justice Institute ($349k), Salem Public Library Memorial Fund Association ($349k) and Knox Regional Development Alliance Inc ($349k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (21% of expenses). Other salaries and wages came to $146k. At year end it held assets of $196k against liabilities of $792, net assets of $195k. It reported 4 employees.