Worcester Educational Development Foundation Inc

Analysis

Worcester Educational Development Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 2005, 21 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, Worcester Educational Development Foundation Inc reported income of $438k and spending of $657k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $449k to $438k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 573%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worcester Educational Development Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Education Foundation of Indian River County Inc ($438k), Cowboy Artists of America Joe Beeler Foundation ($438k) and Aum Foundation USA Inc ($438k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $30k. At year end it held assets of $439k against liabilities of $53k, net assets of $386k. It reported 1 employees.