The Education Fund Inc

Analysis

The Education Fund Inc is a registered charity in United States, based in Miami Lakes, FL. It received its IRS tax-exemption ruling in January 1985, 41 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, The Education Fund Inc reported income of $6.8m and spending of $5.7m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $6.8m (+187%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 156%. 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, The Education Fund Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Atenas University Dr Maria Luisa Hernandez Inc ($6.8m), Choices in Learning Inc ($6.8m) and Student Assistance Foundation for Education ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $280k (4.9% of expenses). Other salaries and wages came to $799k. At year end it held assets of $7.4m against liabilities of $446k, net assets of $6.9m. It reported 16 employees.