Surge Institute

Analysis

Surge Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2015, 11 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 2023, Surge Institute reported income of $3.9m and spending of $7.6m, spending 193% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $3.9m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Surge Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include West Dallas Community School ($3.9m), Educational Partnership for Instructing Children Inc ($3.9m) and Read Alliance Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $1.2m (16% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $11.3m against liabilities of $254k, net assets of $11.0m. It reported 32 employees.