Educational Solutions Co

Analysis

Educational Solutions Co is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Educational Solutions Co reported income of $9.4m and spending of $10.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $9.4m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 18%. 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, Educational Solutions Co sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Iuoe Training and Education Center Inc ($9.4m), Futures in Education ($9.4m) and Queens Hebrew Academy ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $3.3m against liabilities of $2.0m, net assets of $1.2m. It reported 100 employees.