1edtech Foundation

Analysis

1edtech Foundation is a registered charity in United States, based in Burlington, MA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, 1edtech Foundation reported income of $72k and spending of $72k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $220k to $72k (-67%), an average of -31% a year. The sharpest change came in the year to December 2020, when income rose by 135%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1edtech Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Swainsboro Emanuel County Festival Foundation ($72k), Vicenza Community Club ($72k) and Downtown Perrysburg Inc ($72k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $306k against liabilities of $286k, net assets of $20k.