Tavares Educational Center

Analysis

Tavares Educational Center is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 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, Tavares Educational Center reported income of $572k and spending of $434k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $713k to $572k (-20%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tavares Educational Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within RI. Charities of a similar size with the same main cause include Bais Menachem Yeshiva Day School ($572k), Arkansas STEM Coalition ($572k) and Salem Christian School ($572k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $270k. At year end it held assets of $1.1m against liabilities of $31k, net assets of $1.1m. It reported 9 employees.