Laurel Education Center Inc

Analysis

Laurel Education Center Inc is a registered charity in United States, based in Brewster, MA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 August 2023, Laurel Education Center Inc reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $945k to $1.6m (+65%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Education Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include On Lok House Inc ($1.6m), Reins of Life Inc ($1.6m) and Population Association of America Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $980k. At year end it held assets of $1.2m against liabilities of $578k, net assets of $610k. It reported 54 employees.