Career Edvantage

Analysis

Career Edvantage is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Career Edvantage reported income of $3.0m and spending of $2.0m, leaving 33% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $337k to $3.0m (+781%), an average of +72% a year. The sharpest change came in the year to August 2022, when income rose by 126%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Career Edvantage sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Mountain Island Charter School Soar Foundation ($3.0m), James Irwin Educational Foundation ($3.0m) and Lighthouse Writers Workshop Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $338k (17% of expenses). Other salaries and wages came to $954k. At year end it held assets of $3.4m against liabilities of $46k, net assets of $3.4m. It reported 14 employees.