Commission on Adult Basic Education Inc

Analysis

Commission on Adult Basic Education Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in March 2001, 25 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, Commission on Adult Basic Education Inc reported income of $2.0m and spending of $1.6m, spending 81% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.6m to $2.0m (+23%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Commission on Adult Basic Education Inc 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 88th percentile within FL. Charities of a similar size with the same main cause include Womens Intl League for Peace and Freedom ($2.0m), Voyager Foundation Inc ($2.0m) and Bethlehem Christian School ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $155k (9.5% of expenses). Other salaries and wages came to $376k. At year end it held assets of $1.8m against liabilities of $569k, net assets of $1.3m. It reported 7 employees.