Social Enterprise and Training Center

Analysis

Social Enterprise and Training Center is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Social Enterprise and Training Center reported income of $2.6m and spending of $3.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.6m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Social Enterprise and Training Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Eskolta School Research and Design Inc ($2.6m), Educational Pathways Inc ($2.6m) and Red Wine & Blue Education Fund ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $143k (4.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.5m against liabilities of $2.8m, net assets of $657k. It reported 44 employees.