Eastern Shore Entrepreneurship Center Inc

Analysis

Eastern Shore Entrepreneurship Center Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Eastern Shore Entrepreneurship Center Inc reported income of $885k and spending of $772k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $428k to $885k (+107%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Shore Entrepreneurship Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include American Medical Student Association Foundation ($885k), Al-Madrasa Al-Islamiya ($885k) and Jacksonville Episcopal High School Foundation Inc ($885k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $120k (16% of expenses). At year end it held assets of $1.4m against liabilities of $1.2m, net assets of $249k.