McKeen Street Learning Center Inc

Analysis

McKeen Street Learning Center Inc is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in June 1997, 29 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, McKeen Street Learning Center Inc reported income of $349k and spending of $364k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $349k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McKeen Street Learning Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Creating Alternative Reason to Excel Inc ($349k), Sonoma Preschool Academy ($349k) and Hobson Cooperative Nursery School ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $110k (30% of expenses). Other salaries and wages came to $139k. At year end it held assets of $123k against liabilities of $18k, net assets of $105k. It reported 7 employees.