Fund for Educational Excellence Inc

Analysis

Fund for Educational Excellence Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1979, 47 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, Fund for Educational Excellence Inc reported income of $22.3m and spending of $24.7m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.1m to $22.3m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fund for Educational Excellence Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include University Studies Abroad Consortium ($22.3m), Stephens College ($22.4m) and Louisiana Tech University Foundation Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $721k (2.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $36.1m against liabilities of $2.1m, net assets of $34.0m. It reported 180 employees.