Era Education Foundation Inc

Analysis

Era Education Foundation Inc is a registered charity in United States, based in Era, TX. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 June 2023, Era Education Foundation Inc reported income of $95k and spending of $72k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2021 to June 2023, income fell from $131k to $95k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Era Education Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Stroudsburg Islamic Center Inc ($95k), Parent Booster USA Inc ($95k) and Barker Public Library ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $18k (25% of expenses). At year end it held assets of $135k against liabilities of $19k, net assets of $116k. It reported 1 employees.