Early Learning Center Inc

Analysis

Early Learning Center Inc is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in November 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).

In the financial year ending December 2023, Early Learning Center Inc reported income of $264k and spending of $352k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $353k to $264k (-25%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Early Learning Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include The Educational Foundation of of the Society of Cpas Inc ($264k), Prashanthi Charitable Services a Njnonprofit Corporation ($264k) and Parent Booster USA Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $112k (32% of expenses). Other salaries and wages came to $116k. At year end it held assets of $1,973 against liabilities of $0, net assets of $1,973.

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.