Learningspring School

Analysis

Learningspring School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2023, Learningspring School reported income of $8.5m and spending of $9.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $8.5m (+9.9%), an average of +2.4% a year. 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, Learningspring School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Drexel Funds ($8.5m), Pueblo Nuevo Education and Development Group ($8.5m) and Athlos Academy of St Cloud ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $405k (4.5% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $43.8m against liabilities of $214k, net assets of $43.6m. It reported 114 employees.