Continuing Education Company

Analysis

Continuing Education Company is a registered charity in United States, based in Palm Coast, FL. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Continuing Education Company reported income of $4.6m and spending of $5.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Continuing Education Company sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Foothills Educational Foundation ($4.6m), Second Start Learning Disabilities Program ($4.6m) and New Orleans Career Center ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $275k (5.4% of expenses). At year end it held assets of $1.6m against liabilities of $542k, net assets of $1.1m. It reported 1 employees.