Center for Multicultural Wellness and Prevention Inc

Analysis

Center for Multicultural Wellness and Prevention Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Center for Multicultural Wellness and Prevention Inc reported income of $3.1m and spending of $2.9m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $3.1m (+76%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Multicultural Wellness and Prevention Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Servicios Sociales Episcopales Inc ($3.1m), Martha and Mary Lutheran Services ($3.1m) and Lewis County Opportunities Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.7m against liabilities of $980k, net assets of $698k. It reported 33 employees.