Edreports Org Inc

Analysis

Edreports Org Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 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 December 2023, Edreports Org Inc reported income of $10.4m and spending of $9.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $10.4m (+163%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edreports Org Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Laurus Collegiate Inc ($10.4m), Community Leadership Academy Inc ($10.4m) and Colleyville Covenant Christian Academy ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $736k (7.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $6.0m against liabilities of $440k, net assets of $5.5m. It reported 60 employees.