Edwell Inc

Analysis

Edwell Inc is a registered charity in United States, based in West Columbia, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Edwell Inc reported income of $444k and spending of $857k, spending 193% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $1.1m to $444k (-60%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 49%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edwell Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Athletics for Education and Success Inc ($444k), Under the Rainbow Inc ($444k) and Cape Girardeau Public School Foundation ($444k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $128k (15% of expenses). Other salaries and wages came to $319k. At year end it held assets of $177k against liabilities of $115k, net assets of $62k. It reported 5 employees.