Educationquest Foundation Inc

Analysis

Educationquest Foundation Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Educationquest Foundation Inc reported income of $657k and spending of $1.6m, spending 246% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $508k to $657k (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 355%. Over the whole period it spent 379% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educationquest Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NE. Charities of a similar size with the same main cause include Alzheimers Network of Oregon ($657k), Transition Academy ($657k) and Bay Area Parent Leadership Action Network ($657k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12.0m against liabilities of $2.4m, net assets of $9.6m.

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.