Educarte Incorporated

Analysis

Educarte Incorporated is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Educarte Incorporated reported income of $253k and spending of $176k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $253k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Educarte Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Screamfest Horror Film Festival ($253k), Lincoln Crossroads Festival ($253k) and Arena Theater Association ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $37k (21% of expenses). At year end it held assets of $215k against liabilities of $56k, net assets of $158k. It reported 2 employees.