Adult Center for Enrichment Inc

Analysis

Adult Center for Enrichment Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Adult Center for Enrichment Inc reported income of $4.1m and spending of $3.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.1m (-19%), an average of -5.2% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adult Center for Enrichment Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Xyz Cacfp Incorporation ($4.1m), One Heart Worldwide ($4.1m) and VGS Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $2.9m against liabilities of $326k, net assets of $2.6m. It reported 49 employees.