El Dorado Education Foundation Inc

Analysis

El Dorado Education Foundation Inc is a registered charity in United States, based in El Dorado, AR. It received its IRS tax-exemption ruling in October 1996, 30 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 December 2023, El Dorado Education Foundation Inc reported income of $107k and spending of $286k, spending 267% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $107k (-91%), an average of -46% a year. The sharpest change came in the year to December 2020, when income dropped by 92%. 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, El Dorado Education Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within AR. Charities of a similar size with the same main cause include The Human Potential Center ($107k), Apro Charitable Foundation Inc ($107k) and Wisconsin Institute of Certified Public Accts Educational FD Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $24k. At year end it held assets of $2.0m against liabilities of $2,768, net assets of $2.0m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.