Edventure Inc

Analysis

Edventure Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 1995, 31 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 (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, Edventure Inc reported income of $3.7m and spending of $3.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.7m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 200%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edventure Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Midland Community Theatre Inc ($3.7m), Get Lit Words Ignite Inc ($3.7m) and Organizers Institute South and West Iaf ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $266k (6.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.9m against liabilities of $1.4m, net assets of $6.5m. It reported 119 employees.