Adult Enrichment Centers Inc

Analysis

Adult Enrichment Centers Inc is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in December 1986, 40 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 June 2024, Adult Enrichment Centers Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $1.9m (-11%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adult Enrichment Centers Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Safe Family Justice Centers ($1.9m), Lifetime Advocacy Plus ($1.9m) and Every Neighborhood Partnership ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $85k (4.4% of expenses). Other salaries and wages came to $910k. At year end it held assets of $2.7m against liabilities of $982k, net assets of $1.7m. It reported 39 employees.