Christian Education Development Company

Analysis

Christian Education Development Company is a registered charity in United States, based in Brentwood, CA. It received its IRS tax-exemption ruling in December 1999, 27 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 July 2023, Christian Education Development Company reported income of $2.5m and spending of $2.2m, spending 88% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.6m to $2.5m (+58%), an average of +17% a year. The sharpest change came in the year to July 2022, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Education Development Company sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Educational & Memorial Foundation of the Tennessee Society of Cpas ($2.5m), University of South Florida Alumni Association Inc ($2.5m) and Lincoln International Charterschool ($2.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $59k (2.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $675k, net assets of $2.3m. It reported 50 employees.