National Center on Education & the Economy

Analysis

National Center on Education & the Economy is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, National Center on Education & the Economy reported income of $9.4m and spending of $13.4m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.9m to $9.4m (-36%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Center on Education & the Economy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Harmony Foundation Inc ($9.4m), WMHT Educational Telecommunications Inc ($9.4m) and Equip for Equality Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.6m (12% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $62.9m against liabilities of $3.1m, net assets of $59.8m. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.