Faith and Love Enrichment Center in

Analysis

Faith and Love Enrichment Center in is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in June 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 December 2023, Faith and Love Enrichment Center in reported income of $1.0m and spending of $964k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $843k to $1.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith and Love Enrichment Center in 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 NC. Charities of a similar size with the same main cause include The Education Foundation of Alachua County Inc ($1.0m), Financial Advisor Training Institute ($1.0m) and The Schilling School for Gifted Children Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $119k (12% of expenses). Other salaries and wages came to $271k. At year end it held assets of $24k against liabilities of $0, net assets of $24k. It reported 19 employees.