Foundation for Continuing Education Inc

Analysis

Foundation for Continuing Education Inc is a registered charity in United States, based in Wenham, MA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Foundation for Continuing Education Inc reported income of $58k and spending of $46k, leaving 20% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $63k to $58k (-7.6%), an average of -1.9% a year. The sharpest change came in the year to October 2021, when income rose by 186%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Continuing Education Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include David Dixon Ministries Joy Church Inc ($58k), Friends of the Pittsford Community Library Inc ($58k) and Little League Baseball Inc ($58k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $1.0m against liabilities of $259k, net assets of $754k.