Excellent Education Development

Analysis

Excellent Education Development is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2000, 26 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, Excellent Education Development reported income of $12.3m and spending of $13.5m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.3m to $12.3m (-7.5%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Excellent Education Development sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Mose and Garrison Siskin Memorial Foundation Inc ($12.3m), Great Oaks Charter School - Bridgeport Inc ($12.3m) and Encore Education Corporation ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $10.1m. At year end it held assets of $7.1m against liabilities of $2.4m, net assets of $4.8m. It reported 112 employees.