Council for Aid to Education Inc

Analysis

Council for Aid to Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Council for Aid to Education Inc reported income of $4.6m and spending of $4.7m, spending 101% of its income. Across the 6 years on record, from July 2019 to July 2024, income fell from $5.9m to $4.6m (-22%), an average of -4.8% a year. The sharpest change came in the year to July 2022, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Council for Aid to Education 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Yuba River Charter School a California Nonprofit Corporation ($4.6m), Edvestors Inc ($4.6m) and Sahan Journal ($4.6m).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $931k (20% of expenses). Other salaries and wages came to $679k. At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$213k. It reported 18 employees.