Edep Academy Homeschool Inc

Analysis

Edep Academy Homeschool Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Edep Academy Homeschool Inc reported income of $88k and spending of $71k, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $463k to $88k (-81%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. 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, Edep Academy Homeschool Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Ironia PTO ($88k), Parent Organization of Scholls Heights ($88k) and New England State and Local Tax Forum ($88k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10k. At year end it held assets of $214k against liabilities of $152k, net assets of $62k. It reported 1 employees.