Education
(B60)
IRS Verified
DX Registered
990 on File
CENTER FOR INNOVATIONS IN EDUCATION
Financial strength (30%)
93/100
Reliability (20%)
50/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The specific purpose of this corporation is to create and deploy innovative methods for educating students in (i) the areas of science. technology. engineering, and math (STEM), including, without limitation, computer, biotechnology. aerospace, aeronautical engineering concepts, aircraft and rocket design, propulsion, and related systems, and (ii) basic financial concepts, products. how to manage finances to obtain independence. and for related purposes.
Financial Overview — FY 2024
$313K
Total Revenue
$481K
Total Expenses
$464K
Net Assets
5
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.2%
Fundraising Efficiency
N/A
Operating Reserve
11.56x
Liability-to-Asset
26.6%
Revenue Diversification
100.0%
Compared with Peers
FY 2024
Compared with 15,968 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.2% | 89.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.8% | 8.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.6 mo | 9.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
26.6% | 0.3% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 89.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
15.6% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-21.7% | 9.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-54.0% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $313K | $481K | $464K | 82.2% | 5 |
| 2023 | $270K | $614K | $632K | 82.8% | 5 |
| 2022 | $918K | $931K | $996K | 87.8% | 5 |
| 2021 | $1.5M | $1.3M | N/A | — | 5 |
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