Einstrong Foundation

Analysis

Einstrong Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Einstrong Foundation reported income of $1.5m and spending of $831k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $748k to $1.5m (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Einstrong Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Bethany Community School Foundation Inc ($1.5m), Friends of Academy of the City Inc ($1.5m) and Three3 Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $451k. At year end it held assets of $1.0m against liabilities of $11k, net assets of $1.0m. It reported 3 employees.