Childrens Education Center of the Islands Inc

Analysis

Childrens Education Center of the Islands Inc is a registered charity in United States, based in Sanibel, FL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Childrens Education Center of the Islands Inc reported income of $866k and spending of $304k, leaving 65% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $253k to $866k (+242%), an average of +36% a year. The sharpest change came in the year to July 2021, when income rose by 144%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Education Center of the Islands Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include South Central Oklahoma Christian Broadcasting Inc ($866k), Mandate Inc ($866k) and Church and Family Life ($866k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $39k (13% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.1m against liabilities of $1,238, net assets of $1.1m. It reported 10 employees.