Einstein Academy

Analysis

Einstein Academy is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in October 2002, 24 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, Einstein Academy reported income of $155k and spending of $308k, spending 198% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $924k to $155k (-83%), an average of -45% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Einstein Academy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Southeastern Massachusetts Arts Collaborative ($155k), Slatington Public Library Inc ($155k) and Adoption Home Study Service of Ohio Inc ($155k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 48% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.9m against liabilities of $3.6m, net assets of -$1.6m.