Center for Life Enrichment Inc

Analysis

Center for Life Enrichment Inc is a registered charity in United States, based in Hollywood, MD. It received its IRS tax-exemption ruling in January 1965, 61 years ago. 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, Center for Life Enrichment Inc reported income of $5.9m and spending of $5.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.7m to $5.9m (-13%), an average of -3.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Life Enrichment Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Helpline Center Inc ($5.9m), St Thomas More School Inc ($5.9m) and Northeast Florida Community Action Agency Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $167k (3.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $11.4m against liabilities of $3.9m, net assets of $7.5m. It reported 155 employees.