Eagle Creek Education Fund

Analysis

Eagle Creek Education Fund is a registered charity in United States, based in Oakland, MI. It received its IRS tax-exemption ruling in April 2005, 21 years ago. 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, Eagle Creek Education Fund reported income of $2.0m and spending of $3.0m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.0m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eagle Creek Education Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Calvert Marine Museum Society Inc ($2.0m), Uchee Pines Institute ($2.0m) and Saloc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $105k (3.5% of expenses). Other salaries and wages came to $698k. At year end it held assets of $11.3m against liabilities of $20.8m, net assets of -$9.5m. It reported 29 employees.