Applewood Learning Center Inc

Analysis

Applewood Learning Center Inc is a registered charity in United States, based in Londonderry, NH. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Applewood Learning Center Inc reported income of $790k and spending of $860k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $757k to $790k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to August 2021, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Applewood Learning Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within NH. Charities of a similar size with the same main cause include Washington Heights Child Care Center ($790k), Island View Child Care Inc ($790k) and Oklahoma Academy for State Goals ($790k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $65k (7.6% of expenses). Other salaries and wages came to $535k. At year end it held assets of $1.1m against liabilities of $258k, net assets of $801k. It reported 29 employees.