JM Educational Group

Analysis

JM Educational Group is a registered charity in United States, based in Santa Paula, CA. It received its IRS tax-exemption ruling in October 1992, 34 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 December 2023, JM Educational Group reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $3.0m (+645%), an average of +65% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, JM Educational Group sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Palmetto Academy for Learning Motorsports Inc ($3.0m), Williamsburg Christian Academy ($3.0m) and Axis International Academy ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $418k (16% of expenses). Other salaries and wages came to $992k. At year end it held assets of $2.8m against liabilities of $476k, net assets of $2.4m. It reported 24 employees.