Earn Inc

Analysis

Earn Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Earn Inc reported income of $2.8m and spending of $5.6m, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $2.8m (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Earn Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Anaheim Community Foundation ($2.8m), Yellow Ribbon Fund Inc ($2.8m) and American Friends of Mosdos Bet Shemesh ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $463k (8.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.3m against liabilities of $213k, net assets of $1.0m. It reported 30 employees.