Edu Inc

Analysis

Edu Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edu Inc reported income of $418k and spending of $379k, spending 91% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $224k to $418k (+86%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edu Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Electric Distribution Exchange Conference Host Committee Inc ($418k), Logos Classical Academy of Northern Virginia ($418k) and Tennessee Sports Hall of Fame Inc ($418k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $92k (24% of expenses). At year end it held assets of $66k against liabilities of $53k, net assets of $12k. It reported 1 employees.