Edkey Inc

Analysis

Edkey Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2023, Edkey Inc reported income of $94.8m and spending of $93.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $49.8m to $94.8m (+90%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edkey Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Vanguard University of So Ca ($94.8m), Concordia University Chicago ($94.8m) and Riverdale Country School Inc ($94.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $683k (0.7% of expenses). Other salaries and wages came to $38.6m. At year end it held assets of $159.5m against liabilities of $153.7m, net assets of $5.7m. It reported 1,223 employees.