Edward Waters University Inc

Analysis

Edward Waters University Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1949, 77 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, Edward Waters University Inc reported income of $36.8m and spending of $35.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.3m to $36.8m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edward Waters University Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Euphemia L Haynes Public Charter School Inc ($36.7m), Helix Charter High School ($36.8m) and Houston Area Contractors Safety Council ($36.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.5m (4.1% of expenses). At year end it held assets of $54.6m against liabilities of $10.2m, net assets of $44.5m. It reported 398 employees.