Edison Project

Analysis

Edison Project is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in August 2018, 8 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, Edison Project reported income of $3.7m and spending of $2.8m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.7m (+102%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edison Project 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 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Siletz Valley School ($3.7m), Communications Network ($3.7m) and Pike Liberal Arts School Foundation Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $236k (8.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $462k, net assets of $1.6m. It reported 42 employees.