Educational Enrichment Systems Inc

Analysis

Educational Enrichment Systems Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 1980, 46 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, Educational Enrichment Systems Inc reported income of $22.8m and spending of $22.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $22.8m (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Enrichment Systems 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 CA. Charities of a similar size with the same main cause include Barstow School ($22.8m), Christian Church Homes ($22.8m) and Boys & Girls Clubs of Sonoma-Marin ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $556k (2.5% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $16.6m against liabilities of $11.9m, net assets of $4.7m. It reported 239 employees.