EDUCATION DEVELOPMENT CENTER INC

WALTHAM, MA, 02451-8778 (617) 969-7100 Est. 1958 EIN 04-2241718
Form 990 501(c)(3)
www.edc.org

Mission

Education Development Center, Inc. (EDC), is a global nonprofit organization that advances lasting solutions to improve education, promote health, and expand economic opportunity. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries around the world.

Giving Portfolio

Total Grants
466
Total Giving
$62.5M
Recipients
462
Years Active
2017 - 2023
Avg grant: $133,217 Median: $75,463

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202381$13.5M $167K1565
202272$13.2M $184K1458
202199$11.9M $120K2970
202085$10.9M $128K3053
201962$5.6M $90K3032
201767$7.4M $110K660

Sectors Funded

Education
120
Arts, Culture & Humanities
27
Science & Technology
20
Human Services
11
Health Care
8
Crime & Legal-Related
5
Youth Development
5
Employment
4
and 6 more sectors

Top States

Massachusetts
106
New York
73
California
56
Virginia
24
Maryland
23
North Carolina
22
District of Columbia
18
Illinois
15
and 28 more states

Grantee Size Profile

Over $50M
108
$10M - $50M
44
$1M - $5M
28
$5M - $10M
15
$100K - $500K
2

Top Grantees

DC - 4 grants
$10.0M
CA - 6 grants
$3.7M
Training Resources Group
VA
$1.4M
MA - 5 grants
$1.4M
NY - 6 grants
$1.2M
$1.0M
Deacon Hill Research
VA - 5 grants
$974K
and 15 more grantees

Grants Awarded · 235 grants

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Financials

Total Revenue
$210,774,465
Total Expenses
$200,093,700
Net Assets
$68,282,124
781 employees
From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve
4.1 months Adequate
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 4.6%
Expenses ↑ 3.9%
Revenue Sources
Contributions 98.6% Earned revenue 0.5% Investment 0.9%
Expense Breakdown
Program 90.2% Management 9.8%

Officers & Trustees (35)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2023 Form 990$210,774,465 $200,093,700$68,282,124
2022 Form 990$201,501,966 $192,639,833$53,198,684
2021 Form 990$186,746,637 $176,323,825$42,879,345
2020 Form 990$167,892,057 $162,508,573$35,314,250
2019 Form 990$147,745,529 $145,292,183$29,890,017
2017 Form 990$155,645,130 $153,431,657$24,137,071

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EIN: 04-2241718 · Source: IRS Form 990 e-file data