Element Education Inc

Analysis

Element Education Inc is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in March 2005, 21 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, Element Education Inc reported income of $17.3m and spending of $15.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.8m to $17.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Element Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Almaden Country Day School ($17.3m), Webb School ($17.3m) and Texas College ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $408k (2.7% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $17.4m against liabilities of $7.0m, net assets of $10.3m. It reported 134 employees.