Education Trust Inc

Analysis

Education Trust Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1997, 29 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, Education Trust Inc reported income of $33.1m and spending of $30.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.8m to $33.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Trust Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within DC. Charities of a similar size with the same main cause include Norfolk Academy ($33.1m), Trustees of Thornton Academy ($33.1m) and Compass Charter Schools ($33.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $2.9m (9.5% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $75.0m against liabilities of $17.5m, net assets of $57.5m. It reported 207 employees.