Cambridge Center for Adult Education Inc

Analysis

Cambridge Center for Adult Education Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Cambridge Center for Adult Education Inc reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $2.2m to $2.6m (+17%), an average of +4.0% a year. The sharpest change came in the year to July 2024, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cambridge Center for Adult Education Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Childs Voice School ($2.6m), The Link and Option Center Inc ($2.6m) and Connecticut Plumbers & Pipefitter Apprenticeship School & Training ($2.6m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 20% and program service revenue 74% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $3.0m against liabilities of $582k, net assets of $2.4m. It reported 199 employees.