Educare Services Incorporated

Analysis

Educare Services Incorporated is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Educare Services Incorporated reported income of $4.4m and spending of $4.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educare Services Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Learning Accelerator ($4.4m), PTA California Congress of Parents Teachers Students Inc ($4.4m) and Cornerstone Christian Academy Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $414k (9.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.9m against liabilities of $1.7m, net assets of $166k. It reported 77 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.