Educational Foundation Inc

Analysis

Educational Foundation Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in October 1939, 87 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Educational Foundation Inc reported income of $81.8m and spending of $78.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.6m to $81.8m (+88%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 82%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Turning Point USA Inc ($81.7m), Lighthouse for the Blind Inc ($81.9m) and National Association of County and City Health Officials ($81.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $1.5m (1.9% of expenses). Other salaries and wages came to $3.1m. It paid $50k in professional fundraising fees. At year end it held assets of $213.3m against liabilities of $120.1m, net assets of $93.2m. It reported 59 employees.