The Enrichment Institute

Analysis

The Enrichment Institute is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in September 1983, 43 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 May 2023, The Enrichment Institute reported income of $2.0m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $810k to $2.0m (+153%), an average of +26% a year. The sharpest change came in the year to May 2023, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Enrichment Institute sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Phoenix School of Roseburg ($2.0m), North Dakota Adult & Teen Challenge Inc ($2.0m) and Wye River Upper School Inc ($2.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $92k (4.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.8m against liabilities of $2.3m, net assets of $505k. It reported 40 employees.