Improving Education Inc

Analysis

Improving Education Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Improving Education Inc reported income of $2.1m and spending of $1.6m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $2.1m (+759%), an average of +71% a year. The sharpest change came in the year to December 2020, when income rose by 365%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Improving Education Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Deep Well ($2.1m), Wingra School Inc ($2.1m) and Santa Ynez Valley Charter School Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $183k (11% of expenses). Other salaries and wages came to $784k. At year end it held assets of $2.5m against liabilities of $1.1m, net assets of $1.5m. It reported 16 employees.