Center for Advancing Community

Analysis

Center for Advancing Community is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 2019, 7 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 December 2023, Center for Advancing Community reported income of $904k and spending of $799k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $719k to $904k (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Advancing Community sits at the 75th 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 74th percentile within RI. Charities of a similar size with the same main cause include The Orinda Preschool Incorporated ($903k), Student Partner Alliance a New Jersey Non-Profit Corporation ($904k) and Lyceum Foundation ($903k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Other salaries and wages came to $508k. At year end it held assets of $194k against liabilities of $2,395, net assets of $192k. It reported 9 employees.