Education-Plus Inc

Analysis

Education-Plus Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Education-Plus Inc reported income of $4.3m and spending of $3.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.3m (+114%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Education-Plus Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Wing Luke Memorial Foundation ($4.3m), Neighborhood Housing Services of South Florida Inc ($4.3m) and Vermont Association of Snow Travelers Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $257k (7.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.8m against liabilities of $299k, net assets of $2.5m. It reported 98 employees.