Methodist Early Learning Center Inc

Analysis

Methodist Early Learning Center Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Methodist Early Learning Center Inc reported income of $437k and spending of $529k, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $313k to $437k (+39%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Early Learning 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 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Purple Foundation Incorporated ($437k), A G Health Care Inc ($437k) and Calling All Kids Too Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $385k. At year end it held assets of $291k against liabilities of $963, net assets of $290k. It reported 27 employees.