Ecmc Education Inc

Analysis

Ecmc Education Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2014, 12 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 December 2023, Ecmc Education Inc reported income of $31.6m and spending of $12.9m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $69.7m to $31.6m (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ecmc Education Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Neighborhood Charter School of Harlem ($31.6m), Briarcrest Christian School System Inc ($31.6m) and Duke Corporate Education ($31.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $524k (4.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.9m against liabilities of $28.6m, net assets of -$22.7m. It reported 82 employees.