Key Educational Group

Analysis

Key Educational Group is a registered charity in United States, based in Dublin, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Key Educational Group reported income of $3.9m and spending of $3.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.9m (+164%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Key Educational Group sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Democracy Collaborative Foundation Inc ($3.9m), Forest School ($3.9m) and Arizona Sheet Metal Joint Apprenticeship and Training Commit ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $227k (6.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.5m against liabilities of $1.7m, net assets of $845k. It reported 63 employees.