The Correctional Education Association Inc

Analysis

The Correctional Education Association Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 1995, 31 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 September 2023, The Correctional Education Association Inc reported income of $342k and spending of $385k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $300k to $342k (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 342%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Correctional Education Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Dixie Education Foundation Inc ($342k), Pamlico Partnership for Children Inc ($342k) and Natural Bridges ($342k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $104k. At year end it held assets of $462k against liabilities of $58k, net assets of $404k. It reported 1 employees.