The Enrichment Center of Lee County Inc

Analysis

The Enrichment Center of Lee County Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in January 1990, 36 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 December 2023, The Enrichment Center of Lee County Inc reported income of $138k and spending of $117k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $138k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Enrichment Center of Lee County Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Providence Rivendell Court Apartments Inc ($138k), Cedarburg Grafton Rotary Foundation ($138k) and North Chatham Free Library ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.