Center for Educational Advancement

Analysis

Center for Educational Advancement is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Center for Educational Advancement reported income of $3.5m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $3.5m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Educational Advancement sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Drug Free Business ($3.5m), Center for Strategic Economic Studies and Institutional DVLP Inc ($3.5m) and Flagship Enterprise Center Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $168k (4.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.1m against liabilities of $813k, net assets of $1.3m. It reported 168 employees.