Federal Employee Education and Assistance Fund

Analysis

Federal Employee Education and Assistance Fund is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2024, Federal Employee Education and Assistance Fund reported income of $1.0m and spending of $890k, spending 86% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $1.3m to $1.0m (-19%), an average of -5.1% a year. The sharpest change came in the year to April 2024, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Federal Employee Education and Assistance Fund sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Caring Child Center Inc ($1.0m), GSMBC Community Development Corporation ($1.0m) and Second Chances Garage ($1.0m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 56% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $209k (24% of expenses). Other salaries and wages came to $131k. At year end it held assets of $6.0m against liabilities of $54k, net assets of $5.9m. It reported 4 employees.