Education Foundation of Indian River County Inc

Analysis

Education Foundation of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in May 1992, 34 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, Education Foundation of Indian River County Inc reported income of $438k and spending of $699k, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $552k to $438k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Foundation of Indian River County Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Aum Foundation USA Inc ($438k), Worcester Educational Development Foundation Inc ($438k) and Na Lei Wili Area Health Education Center Inc ($438k).

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 $147k (21% of expenses). Other salaries and wages came to $37k. At year end it held assets of $359k against liabilities of $74k, net assets of $285k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.