Community Adolescent Resources and Education Center Inc

Analysis

Community Adolescent Resources and Education Center Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Community Adolescent Resources and Education Center Inc reported income of $4.3m and spending of $2.9m, leaving 33% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $4.3m (+109%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Adolescent Resources and Education Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include United Methodist Homes Inc ($4.3m), Interfaith Social Services Inc ($4.3m) and Pleasant Hills Childrens Home of the Assemblies of God Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $177k (6.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.8m against liabilities of $96k, net assets of $6.7m. It reported 30 employees.