Embry-Riddle Aeronautical University Asia Ltd

Analysis

Embry-Riddle Aeronautical University Asia Ltd is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending June 2023, Embry-Riddle Aeronautical University Asia Ltd reported income of $3.3m and spending of $3.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $3.3m (-23%), an average of -6.4% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Embry-Riddle Aeronautical University Asia Ltd sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Highlands School Inc ($3.3m), Mars Hill Ministries Inc ($3.3m) and Vermont Commons School ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $184k (5.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.8m against liabilities of $984k, net assets of $768k.