Embry-Riddle Aeronautical

Analysis

Embry-Riddle Aeronautical is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Embry-Riddle Aeronautical reported income of $703.0m and spending of $601.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $536.6m to $703.0m (+31%), an average of +7.0% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Embry-Riddle Aeronautical 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Pepperdine University ($699.8m), Marquette University ($710.0m) and Chapman University ($697.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $4.5m (0.7% of expenses). Other salaries and wages came to $214.0m. At year end it held assets of $1.44bn against liabilities of $443.3m, net assets of $999.8m. It reported 7,731 employees.