Editorial Projects in Education Inc

Analysis

Editorial Projects in Education Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Editorial Projects in Education Inc reported income of $22.6m and spending of $20.4m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $18.2m to $22.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to July 2022, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Editorial Projects in Education Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Roof Above Inc ($22.5m), Lorraine Civil Rights Museum Foundation ($22.6m) and Jewish Museum ($22.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $788k (3.9% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $43.4m against liabilities of $13.6m, net assets of $29.7m. It reported 114 employees.