Universal Education Companies Inc

Analysis

Universal Education Companies Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Universal Education Companies Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.4m (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. 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, Universal Education Companies Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Laramie Montessori School ($1.4m), Setda ($1.4m) and Oakwood School Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $461k (37% of expenses). Other salaries and wages came to $356k. At year end it held assets of $188k against liabilities of $79k, net assets of $109k. It reported 13 employees.