Strada Education Foundation Inc

Analysis

Strada Education Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Strada Education Foundation Inc reported income of $91.3m and spending of $101.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $160.9m to $91.3m (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Strada Education Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Cent for Urban Community SVCS ($91.2m), Goodwill Industries-Suncoast Inc ($93.1m) and Goodwill Industries of NW North Carolina Inc ($90.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $8.1m (8.0% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $2.10bn against liabilities of $56.1m, net assets of $2.04bn. It reported 153 employees.