Community Asset Development Re-Defining Education

Analysis

Community Asset Development Re-Defining Education is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 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 (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, Community Asset Development Re-Defining Education reported income of $1.0m and spending of $796k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.0m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Asset Development Re-Defining Education sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Financial Advisor Training Institute ($1.0m), Joshua 1-9 Learning Center ($1.0m) and Faith and Love Enrichment Center in ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $214k (27% of expenses). Other salaries and wages came to $218k. It paid $25k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $246k, net assets of $1.4m. It reported 7 employees.