Early Learning Coalition of Palm Beach County Inc

Analysis

Early Learning Coalition of Palm Beach County Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in February 2001, 25 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, Early Learning Coalition of Palm Beach County Inc reported income of $276.6m and spending of $273.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $103.5m to $276.6m (+167%), an average of +28% a year. The sharpest change came in the year to June 2023, 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, Early Learning Coalition of Palm Beach County Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Teach for America Inc ($275.6m), Washington & Lee University ($276.6m) and Fairleigh Dickinson University ($275.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $868k (0.3% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $23.5m against liabilities of $20.4m, net assets of $3.1m. It reported 258 employees.