The Center a Drop-In Community Learning & Resource Center Inc

Analysis

The Center a Drop-In Community Learning & Resource Center Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Center a Drop-In Community Learning & Resource Center Inc reported income of $328k and spending of $288k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $298k to $328k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Center a Drop-In Community Learning & Resource Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Association of Osteopathic State ($328k), Future Kings Inc ($328k) and The More Foundation ($328k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $52k (18% of expenses). Other salaries and wages came to $103k. At year end it held assets of $243k against liabilities of $2,306, net assets of $240k. It reported 15 employees.