Edwards Center Inc

Analysis

Edwards Center Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Edwards Center Inc reported income of $18.7m and spending of $12.7m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $18.7m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Edwards Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Employ Milwaukee Inc ($18.6m), Abilene Goodwill Industries Inc ($18.7m) and Evansville Goodwill Industries Inc ($18.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $127k (1.0% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $23.8m against liabilities of $4.4m, net assets of $19.4m. It reported 233 employees.