Mid-Peninsula Education Center Inc

Analysis

Mid-Peninsula Education Center Inc is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 June 2023, Mid-Peninsula Education Center Inc reported income of $5.8m and spending of $6.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.8m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Peninsula Education Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include South Carolina Research Foundation ($5.8m), St Gerards Community of Care ($5.8m) and Northeast Independent Living Services ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $290k (4.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $17.4m against liabilities of $4.4m, net assets of $13.0m. It reported 37 employees.