Ross Education Holdings Inc

Analysis

Ross Education Holdings Inc is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Ross Education Holdings Inc reported income of $52.9m and spending of $54.8m, spending 104% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $25.8m to $52.9m (+105%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 132%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ross Education Holdings Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include South Cove Community Health Center Inc ($52.8m), Gulf Coast Jewish Family and Community Services Inc ($52.9m) and Affinia Healthcare ($52.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $830k (1.5% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $37.4m against liabilities of $24.6m, net assets of $12.8m. It reported 729 employees.