Aldersgate Enrichment Center Inc

Analysis

Aldersgate Enrichment Center Inc is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Aldersgate Enrichment Center Inc reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.7m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Aldersgate Enrichment Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Lost Lamb Evangelistic Association ($1.7m), Visions Made Viable ($1.7m) and Brightmoor Christian Church Endowment Fund ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 89% of the total. Other salaries and wages came to $787k. At year end it held assets of $6.0m against liabilities of $2.1m, net assets of $3.9m. It reported 84 employees.