El Paso Education Initiative Inc

Analysis

El Paso Education Initiative Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, El Paso Education Initiative Inc reported income of $21.9m and spending of $21.6m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.2m to $21.9m (+66%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, El Paso Education Initiative 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 98th percentile within TX. Charities of a similar size with the same main cause include Appletree Institute for Education Innovation Inc ($21.9m), Wheaton Academy ($21.9m) and Variety Child Learning Center ($21.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $531k (2.5% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $36.7m against liabilities of $20.4m, net assets of $16.3m. It reported 310 employees.