The Institute for Educational Advancement

Analysis

The Institute for Educational Advancement is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2023, The Institute for Educational Advancement reported income of $2.1m and spending of $2.5m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Institute for Educational Advancement 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 87th percentile within CA. Charities of a similar size with the same main cause include Southern Maine Community College Foundation ($2.1m), Renaissance Scholarships Inc ($2.1m) and Southside Family Charter School ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $400k (16% of expenses). Other salaries and wages came to $957k. At year end it held assets of $8.8m against liabilities of $99k, net assets of $8.7m. It reported 51 employees.