Community Homeschool Education Center Inc

Analysis

Community Homeschool Education Center Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Homeschool Education Center Inc reported income of $420k and spending of $403k, spending 96% of its income. Across the 3 years on record, from May 2022 to December 2023, income grew from $159k to $420k (+165%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Homeschool Education Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Lead NC Institute ($420k), Native Hawaiian Education Association ($420k) and Centro de Educacion Integral Soles Del Jardin Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $118k (29% of expenses). Other salaries and wages came to $66k. At year end it held assets of $115k against liabilities of $9,462, net assets of $106k. It reported 19 employees.