Enrichment Centers of Hernando Inc

Analysis

Enrichment Centers of Hernando Inc is a registered charity in United States, based in Brooksville, FL. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, Enrichment Centers of Hernando Inc reported income of $164k and spending of $305k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $164k (-49%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Enrichment Centers of Hernando 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 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include The Rindge Food Pantry ($164k), Community Thrift Shoppe ($164k) and Stand Together Day ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $65k. At year end it held assets of $874k against liabilities of $0, net assets of $874k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.