Northeast Educational Development Foundation

Analysis

Northeast Educational Development Foundation is a registered charity in United States, based in Oak Grove, LA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Northeast Educational Development Foundation reported income of $176k and spending of $213k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $197k to $176k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 131% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeast Educational Development Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include Greater Pontiac Community Coalition Inc ($176k), Crossroads Outreach Center Inc ($176k) and New York Key Club Foundation ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.1m against liabilities of $881, net assets of $1.1m. It reported 5 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.