Eec

Analysis

Eec is a registered charity in United States, based in Victorville, CA. It received its IRS tax-exemption ruling in November 2009, 17 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, Eec reported income of $39.6m and spending of $32.6m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.5m to $39.6m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 44%. 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, Eec sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include University of Virginia McIntire School of Commerce Foundation ($39.6m), Tusculum University ($39.6m) and University of Idaho Foundation Inc ($39.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $246k (0.8% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $64.0m against liabilities of $19.5m, net assets of $44.5m. It reported 231 employees.