Enrichment Center Inc

Analysis

Enrichment Center Inc is a registered charity in United States, based in Seaford, NY. It received its IRS tax-exemption ruling in December 1998, 28 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 2023, Enrichment Center Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.5m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Enrichment Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Coastal Coalition for Children Inc ($1.5m), Russell House Response to Domestic and Sexual Violence ($1.5m) and Free Foundation for Rehabilitation Equipment & Endowment ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $136k (8.9% of expenses). Other salaries and wages came to $926k. At year end it held assets of $833k against liabilities of $679k, net assets of $154k. It reported 54 employees.