Corporation for Education Network Initiatives in California

Analysis

Corporation for Education Network Initiatives in California is a registered charity in United States, based in LA Mirada, CA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Corporation for Education Network Initiatives in California reported income of $84.5m and spending of $78.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $67.6m to $84.5m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporation for Education Network Initiatives in California sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Park University ($84.5m), Goucher College ($84.6m) and Taipei American School Foundation ($84.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.9m (2.4% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $106.9m against liabilities of $17.5m, net assets of $89.5m. It reported 125 employees.