Results Educational Fund Inc

Analysis

Results Educational Fund Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1983, 43 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 September 2023, Results Educational Fund Inc reported income of $2.0m and spending of $13.5m, spending 691% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.4m to $2.0m (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2020, when income rose by 1033%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Results Educational Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Christian Leadership Academy ($2.0m), Florida College System Foundation Inc ($2.0m) and SC Development Unit 14 Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $645k (4.8% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $12.5m against liabilities of $7.1m, net assets of $5.4m. It reported 53 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.