Arkansas State Council on Economic Education

Analysis

Arkansas State Council on Economic Education is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in December 1962, 64 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2023, Arkansas State Council on Economic Education reported income of $834k and spending of $1.0m, spending 123% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $947k to $834k (-12%), an average of -3.1% a year. The sharpest change came in the year to May 2021, when income rose by 27%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Arkansas State Council on Economic Education sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Boys and Girls Club of the Lower Merrimack Valley Inc ($833k), William Lawrence Camp Inc ($834k) and Alive Center NFP ($833k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 103% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $125k (12% of expenses). Other salaries and wages came to $358k. At year end it held assets of $679k against liabilities of $107k, net assets of $572k. It reported 6 employees.