Ethiopia Education Initiatives Inc

Analysis

Ethiopia Education Initiatives Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2017, 9 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 2024, Ethiopia Education Initiatives Inc reported income of $4.9m and spending of $2.3m, leaving 53% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.6m to $4.9m (-11%), an average of -2.3% a year. The sharpest change came in the year to June 2024, when income rose by 220%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ethiopia Education Initiatives Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include The Peregrine Project ($4.9m), College Preparatory Middle School ($4.9m) and Oakwood School ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 5.4% of the total. Other salaries and wages came to $275k. At year end it held assets of $15.4m against liabilities of $471k, net assets of $15.0m. It reported 9 employees.