Charity Search / ED & IRENE FLEIS EDUCATION FUND INC
Philanthropy & Grantmaking (T20) IRS Verified DX Registered 990 on File

ED & IRENE FLEIS EDUCATION FUND INC

EIN: 20-0302442 · GRAND RAPIDS, MI 49534-9651 · United States · FY 2024 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 92/100
Reliability (20%) 55/100
Effectiveness (25%) 73/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

To increase the number of post high school education degrees by providing mentoring and financial support.

Financial Overview — FY 2024
$226K
Total Revenue
$116K
Total Expenses
$1.4M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.4%
Fundraising Efficiency N/A
Operating Reserve 149.52x
Liability-to-Asset 0.0%
Revenue Diversification 58.5%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 16,669 similar organizations (United States, Philanthropy & Grantmaking, $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
88.4% 90.2%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
149.5 mo 95.2 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
58.5% 90.5%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
31.8% 18.5%
P10P90
Expense growth
Year over year expense growth
-4.7% 6.7%
P10P90
Surplus margin
Surplus as a share of revenue
48.5% 1.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $226K $116K $1.4M 88.4% —
2023 $172K $122K $1.3M 90.1% —
2022 $150K $106K $1.3M 97.1% —
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Organization Details
EIN
20-0302442
State
MI
City
GRAND RAPIDS
ZIP
49534-9651
Classification
T20
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2006
Foundation Code
4
Form 990
On File
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