Educational Development Group Inc
Educational Development Group Inc: Strong Program Spending, but Transparency Lacking
EIN: 223092859 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $184K |
| Program Spending | 96% |
| Net Assets | $53K |
| Transparency Score | 75/100 |
Is Educational Development Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educational Development Group Inc directs 96% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educational Development Group Inc
Educational Development Group Inc (EIN: 223092859) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $273K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Development Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Development Group Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $184K |
| Surplus / Deficit | +$7K |
| Total Assets | $53K |
| Net Assets | $53K |
| Operating Margin | 3.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Educational Development Group Inc reported a surplus of $7K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Educational Development Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | +49.8% | +1.0% |
| 2022 | +7.1% | -16.2% | +437.4% |
| 2021 | -2.6% | +4.3% | +135.6% |
| 2020 | +23.0% | +0.8% | -23.5% |
| 2019 | -28.5% | -24.6% | -62.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Educational Development Group Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 4%
- programs: 96%
- fundraising: 0%
According to IRS 990 filings, Educational Development Group Inc allocates its expenses as follows: admin: 4%, programs: 96%, fundraising: 0%. With 96% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided data, making a direct assessment impossible.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Educational Development Group Inc's IRS 990 filings:
- Lack of detailed program descriptions and impact reporting.
- Minimal online presence and transparency regarding operations.
- No information on executive compensation in available filings.
Strengths
The following positive indicators were identified for Educational Development Group Inc:
- Consistently high percentage of expenses dedicated to programs (e.g., 96% in 2023).
- Positive net assets in recent years, indicating financial stability.
- Low administrative and fundraising costs.
Frequently Asked Questions about Educational Development Group Inc
Is Educational Development Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Educational Development Group Inc (EIN: 223092859) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Educational Development Group Inc spend its money?
Educational Development Group Inc directs 96% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Educational Development Group Inc tax-deductible?
Educational Development Group Inc is registered as a tax-exempt nonprofit (EIN: 223092859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Educational Development Group Inc located?
Educational Development Group Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 223092859.
How many years of IRS 990 filings does Educational Development Group Inc have?
Educational Development Group Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $273K in total revenue.
What does Educational Development Group Inc do?
Educational Development Group Inc is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Educational Development Group Inc have?
Educational Development Group Inc reported total revenue of $272,958. Based on 13 IRS 990 filings on record.
What are Educational Development Group Inc's total assets?
Educational Development Group Inc holds total assets of $26,233 as reported in IRS 990 filings.
Where is Educational Development Group Inc located?
Educational Development Group Inc is based in Boston, Massachusetts.
What is Educational Development Group Inc's EIN?
Educational Development Group Inc's Employer Identification Number (EIN) is 223092859. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Educational Development Group Inc?
Educational Development Group Inc is classified under NTEE code Unknown (Unknown).
Is Educational Development Group Inc a registered 501(c)(3)?
Educational Development Group Inc appears in IRS records (EIN: 223092859). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Educational Development Group Inc file IRS Form 990?
Yes, Educational Development Group Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Educational Development Group Inc's revenue in 2023?
In the 202312 filing period, Educational Development Group Inc reported total revenue of $190,508, total expenses of $183,982, and net assets of $52,753.
Is Educational Development Group Inc's revenue growing or declining?
Educational Development Group Inc's revenue is growing. Revenue went from $165,294 (202212) to $190,508 (202312), a +15.3% change. Based on 13 filings on record.
What is Educational Development Group Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Educational Development Group Inc covers tax period 202312. It shows revenue of $190,508, expenses of $183,982, total assets of $52,753, and liabilities of N/A.
How much does Educational Development Group Inc spend on programs vs administration?
Based on IRS 990 analysis, Educational Development Group Inc allocates approximately 96% of expenses to program services, 4% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Educational Development Group Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Educational Development Group Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Educational Development Group Inc?
The following concerns were identified: Lack of detailed program descriptions and impact reporting.. Minimal online presence and transparency regarding operations.. No information on executive compensation in available filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Educational Development Group Inc's strengths?
Positive indicators for Educational Development Group Inc include: Consistently high percentage of expenses dedicated to programs (e.g., 96% in 2023).. Positive net assets in recent years, indicating financial stability.. Low administrative and fundraising costs.. These findings are derived from AI analysis of the organization's financial filings.
How does Educational Development Group Inc compensate executives?
Executive compensation is not disclosed in the provided data, making a direct assessment impossible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high program spending, what specific educational programs does Educational Development Group Inc. operate and what are their measurable outcomes?
The provided data does not detail specific programs or their outcomes, which is a significant gap for a nonprofit focused on 'Educational Development'.
How does Educational Development Group Inc. manage to operate with such low administrative and fundraising costs while still generating revenue?
The low administrative and fundraising costs suggest a lean operational model, potentially relying on volunteer efforts or highly efficient internal processes, though specifics are not available.
Filing History
IRS 990 filing history for Educational Development Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Educational Development Group Inc's revenue has grown by 21.2%, moving from $157K to $191K. Total assets increased by 29.6% over the same period, from $41K to $53K. Total functional expenses fell by 1.3%, from $186K to $184K. In its most recent filing year (2023), Educational Development Group Inc reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $184K | $53K | $0 | — | View 990 |
| 2022 | $165K | $123K | $52K | $165 | — | View 990 |
| 2021 | $154K | $147K | $10K | $138 | — | View 990 |
| 2020 | $158K | $140K | $4K | $2K | — | View 990 |
| 2019 | $129K | $139K | $5K | $22K | — | View 990 |
| 2018 | $180K | $185K | $14K | $28K | — | — |
| 2017 | $154K | $223K | $5K | $14K | — | View 990 |
| 2016 | $257K | $227K | $65K | $15K | — | View 990 |
| 2015 | $226K | $220K | $21K | $350 | — | View 990 |
| 2014 | $200K | $220K | $16K | $407 | — | — |
| 2013 | $222K | $218K | $36K | $297 | — | View 990 |
| 2012 | $148K | $154K | $35K | $3K | — | View 990 |
| 2011 | $157K | $186K | $41K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $184K, and assets of $53K (revenue +15.3% year-over-year).
- 2022: Revenue of $165K, expenses of $123K, and assets of $52K (revenue +7.1% year-over-year).
- 2021: Revenue of $154K, expenses of $147K, and assets of $10K (revenue -2.6% year-over-year).
- 2020: Revenue of $158K, expenses of $140K, and assets of $4K (revenue +23.0% year-over-year).
- 2019: Revenue of $129K, expenses of $139K, and assets of $5K (revenue -28.5% year-over-year).
- 2018: Revenue of $180K, expenses of $185K, and assets of $14K (revenue +16.9% year-over-year).
- 2017: Revenue of $154K, expenses of $223K, and assets of $5K (revenue -40.0% year-over-year).
- 2016: Revenue of $257K, expenses of $227K, and assets of $65K (revenue +13.7% year-over-year).
- 2015: Revenue of $226K, expenses of $220K, and assets of $21K (revenue +13.2% year-over-year).
- 2014: Revenue of $200K, expenses of $220K, and assets of $16K (revenue -10.1% year-over-year).
- 2013: Revenue of $222K, expenses of $218K, and assets of $36K (revenue +49.4% year-over-year).
- 2012: Revenue of $148K, expenses of $154K, and assets of $35K (revenue -5.6% year-over-year).
- 2011: Revenue of $157K, expenses of $186K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Development Group Inc:
Data Sources and Methodology
This transparency report for Educational Development Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.