EdChoice
EdChoice reported $11.7 million in revenue and $11.3 million in expenses for calendar year 2025. Of every $100 it spent, $87.11 went to program services, $4.04 to management and general costs and $8.85 to fundraising. Its largest source of revenue was contributions and grants: 91.2% of the total. The highest compensation it reported for one person was $433,270 (PRESIDENT & CEO). 16 people received more than $100,000 in reportable compensation. Revenue rose 28% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $433,270 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.84% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 16 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 20.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseState programs: edchoice, inc. Works in states around the country to educate the public on the issue of educational choice, providing educational services to state-based organizations and individuals. Services include: sponsoring and hosting informational symposiums, testifying in front of various legislative bodies, educating local and state organizations on educational choice programs, parent educational efforts and training, informing media, providing technical advice on the drafting of legislation, and sponsoring visits by expert speakers
Training and outreach: edchoice, inc. Undertakes non-partisan educational training and outreach activities that inform the public, media and policy makers on the issue of educational choice and on existing educational choice programs. This includes formal trainings, conferences, fact-finding trips, and educational briefings
Research and thought leadership: edchoice, inc. Produces non-partisan research and publications intended to inform the public on the issue of educational choice. Types of research and educational publications include: reviewing and synthesizing existing research on educational choice, such as the abc's of school choice and informational brochures; conducting original state and national research on educational choice, such as state polling and fiscal and academic impact studies; and publishing commentary papers, webinars and blogs
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 45.0 hrs/week | $407,301 | $0 | $25,969 | $433,270 |
| EXECUTIVE VICE PRESIDENT & DIRECTOR OF LITIGATION Highest compensated employee, 40.0 hrs/week | $251,380 | $0 | $25,942 | $277,322 |
| VICE PRESIDENT OF LEGAL POLICY Highest compensated employee, 40.0 hrs/week | $212,300 | $0 | $11,362 | $223,662 |
| EXECUTIVE VICE PRESIDENT OF OPERATIONS AND CHIEF OF STAFF Officer, 40.0 hrs/week | $195,400 | $0 | $20,390 | $215,790 |
| EXECUTIVE VICE PRESIDENT OF PROGRAMS Key employee, 40.0 hrs/week | $191,100 | $0 | $23,483 | $214,583 |
| VICE PRESIDENT OF RESEARCH & INNOVATION Highest compensated employee, 40.0 hrs/week | $185,100 | $0 | $22,913 | $208,013 |
| ATTORNEY Highest compensated employee, 40.0 hrs/week | $173,118 | $0 | $31,892 | $205,010 |
| EXECUTIVE VICE PRESIDENT OF EXTERNAL RELATIONS Key employee, 40.0 hrs/week | $181,000 | $0 | $17,990 | $198,990 |
16 people received more than $100,000 in reportable compensation from EdChoice (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 543
- Volunteers Part I, line 68
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| ADARSH CONSULTANTS LIMITED Research consulting | $162,000 |
| AMERICAN PHILANTHROPIC LLC Consulting services | $126,000 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
31 private foundations reported grants to EdChoice totaling $921K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from EdChoice's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for EdChoice, you can publish a response that is linked from this page.
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Of every $100 EdChoice spent in 2025, $87.11 went to programs. The full breakdown, from its IRS Form 990:
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- Keiller Leadership AcademySan Diego, CA · revenue $12M · programs 91.9% · FY2025
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- Ad Prima Charter SchoolPhiladelphia, PA · revenue $12M · programs 80.4% · FY2025
- Rise Prep Mayoral AcademyWoonsocket, RI · revenue $12M · programs 67.1% · FY2025
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Questions people ask
How much of EdChoice's spending goes to programs?
In calendar year 2025, EdChoice reported that 87.1% of its $11.3 million in expenses went to program services, 4.0% to management and general and 8.9% to fundraising (Form 990, Part IX).
How much does EdChoice pay its top executive?
The largest total compensation EdChoice reported for one person in calendar year 2025 was $433,270, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does EdChoice get its money?
Of $11.7 million in revenue in calendar year 2025, 91.2% came from contributions and grants and 2.2% from program service revenue (Form 990, Part VIII).
Is EdChoice a registered charity?
The IRS lists EIN 35-1978359 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202641349349306554 · read the filing
- 2024: Form 990 for calendar year 2024, object 202511359349309171 · read the filing
- 2023: Form 990 for calendar year 2023, object 202413189349306971 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312769349301276 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243149349306184 · read the filing
- 2020: Form 990 for calendar year 2020, object 202111339349306451 · read the filing
- 2019: Form 990 for calendar year 2019, object 202031369349300623 · read the filing
All filings for EIN 35-1978359: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.