MV Center for Education and Training Inc

Analysis

MV Center for Education and Training Inc is a registered charity in United States, based in Oak Bluffs, MA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, MV Center for Education and Training Inc reported income of $458k and spending of $492k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $294k to $458k (+56%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MV Center for Education and Training Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Islamic Academy of South Jersey Inc ($458k), Meeting House Family Center Inc ($459k) and Archangels Academy ($458k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $332k. At year end it held assets of $184k against liabilities of $6,524, net assets of $177k. It reported 7 employees.