Educational Foundation Of America
Educational Foundation Of America consistently spends more than its annual revenue, relying on substantial assets.
EIN: 133424750 · Bethesda, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.5M |
| Total Expenses | $16.5M |
| Program Spending | 90% |
| Net Assets | $225.7M |
| Transparency Score | 85/100 |
Is Educational Foundation Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educational Foundation Of America directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educational Foundation Of America
Educational Foundation Of America (EIN: 133424750) is a nonprofit organization based in Bethesda, MD. The organization reported total revenue of $47.5M and total assets of $251.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Foundation Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Foundation Of America is a large nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $16.5M |
| Surplus / Deficit | $-8,503,993 |
| Total Assets | $231.1M |
| Total Liabilities | $5.5M |
| Net Assets | $225.7M |
| Operating Margin | -106.1% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 167.9 months |
Financial Health Grade: B
In 2023, Educational Foundation Of America reported a deficit of $8.5M with expenses exceeding revenue, holds 167.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Educational Foundation Of America's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | +3.6% | +9.0% |
| 2022 | -74.2% | -0.2% | -28.1% |
| 2021 | +114.5% | +34.8% | +17.9% |
| 2020 | +15.8% | +11.0% | +54.2% |
| 2019 | -29.9% | +0.7% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1989 |
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 Foundation Of America with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Educational Foundation Of America allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $8.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either unpaid or compensated through other means not categorized as officer compensation on the 990, which is highly favorable for minimizing administrative overhead.
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 Foundation Of America's IRS 990 filings:
- Consistent annual expenses exceeding revenue, requiring reliance on asset drawdowns or investment gains.
Strengths
The following positive indicators were identified for Educational Foundation Of America:
- Substantial and growing asset base ($231,113,758 in 2023) providing long-term stability.
- 0% reported officer compensation across all filings, indicating very low executive overhead.
- Consistent IRS 990 filing history demonstrating transparency.
- Strong financial position to support its mission through grant-making.
Frequently Asked Questions about Educational Foundation Of America
Is Educational Foundation Of America a legitimate charity?
Educational Foundation Of America (EIN: 133424750) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $47.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Educational Foundation Of America spend its money?
Educational Foundation Of America directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Educational Foundation Of America tax-deductible?
Educational Foundation Of America is registered as a tax-exempt nonprofit (EIN: 133424750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Educational Foundation Of America's spending goes to programs?
Educational Foundation Of America directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Educational Foundation Of America located?
Educational Foundation Of America is headquartered in Bethesda, Maryland and files with the IRS under EIN 133424750.
How many years of IRS 990 filings does Educational Foundation Of America have?
Educational Foundation Of America has 10 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 $47.5M in total revenue.
Is Educational Foundation Of America a good charity?
Based on the available data, the Educational Foundation Of America appears to be a well-endowed foundation with a strong asset base ($231,113,758 in 2023). Its consistent reporting of 0% officer compensation is a significant positive. While it consistently spends more than its annual revenue, this is common for foundations that distribute grants from an endowment. The key would be to understand their grant-making activities and impact.
How does the organization sustain itself with expenses exceeding revenue?
The organization sustains itself by drawing from its substantial asset base, which was $231,113,758 in 2023. As a foundation, it likely uses investment income and capital gains from its endowment to fund its grant-making and operational expenses, rather than relying solely on annual contributions.
What is the trend in the organization's assets?
The organization's assets have shown significant growth over the past decade, increasing from $142,840,653 in 2011 to $231,113,758 in 2023, with a peak of $294,733,951 in 2021. This indicates effective asset management and growth despite periods of higher expenses than revenue.
Filing History
IRS 990 filing history for Educational Foundation Of America showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Educational Foundation Of America's revenue has declined by 6.3%, moving from $8.6M to $8.0M. Total assets increased by 61.8% over the same period, from $142.8M to $231.1M. Total functional expenses rose by 22.8%, from $13.5M to $16.5M. In its most recent filing year (2023), Educational Foundation Of America reported a deficit of $8.5M, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $231.1M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $225.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $16.5M | $231.1M | $5.5M | — | View 990 |
| 2022 | $8.5M | $16.0M | $211.9M | $3.3M | — | View 990 |
| 2021 | $32.8M | $16.0M | $294.7M | $6.5M | — | View 990 |
| 2020 | $15.3M | $11.9M | $250.0M | $2.8M | — | View 990 |
| 2019 | $13.2M | $10.7M | $162.2M | $127 | — | View 990 |
| 2015 | $18.8M | $10.6M | $148.1M | $0 | — | View 990 |
| 2014 | $11.8M | $11.0M | $139.9M | $0 | — | View 990 |
| 2013 | $12.4M | $8.1M | $139.0M | $11K | — | View 990 |
| 2012 | $4.9M | $13.0M | $134.6M | $0 | — | View 990 |
| 2011 | $8.6M | $13.5M | $142.8M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $16.5M, and assets of $231.1M (revenue -5.3% year-over-year).
- 2022: Revenue of $8.5M, expenses of $16.0M, and assets of $211.9M (revenue -74.2% year-over-year).
- 2021: Revenue of $32.8M, expenses of $16.0M, and assets of $294.7M (revenue +114.5% year-over-year).
- 2020: Revenue of $15.3M, expenses of $11.9M, and assets of $250.0M (revenue +15.8% year-over-year).
- 2019: Revenue of $13.2M, expenses of $10.7M, and assets of $162.2M (revenue -29.9% year-over-year).
- 2015: Revenue of $18.8M, expenses of $10.6M, and assets of $148.1M (revenue +59.8% year-over-year).
- 2014: Revenue of $11.8M, expenses of $11.0M, and assets of $139.9M (revenue -5.3% year-over-year).
- 2013: Revenue of $12.4M, expenses of $8.1M, and assets of $139.0M (revenue +156.0% year-over-year).
- 2012: Revenue of $4.9M, expenses of $13.0M, and assets of $134.6M (revenue -43.1% year-over-year).
- 2011: Revenue of $8.6M, expenses of $13.5M, and assets of $142.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Foundation Of America:
Data Sources and Methodology
This transparency report for Educational Foundation Of America 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.