Enrichment Center a Creative Focus & a Bright Beginning Foundation

Analysis

Enrichment Center a Creative Focus & a Bright Beginning Foundation is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Enrichment Center a Creative Focus & a Bright Beginning Foundation reported income of $530k and spending of $511k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $538k to $530k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Enrichment Center a Creative Focus & a Bright Beginning Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include The Chicago Club Preservation Foundation ($530k), Musyca ($530k) and Youth Ambassadors Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $34k (6.7% of expenses). Other salaries and wages came to $252k. At year end it held assets of $639k against liabilities of $0, net assets of $639k. It reported 21 employees.