The Schoolhouse Learning Center Inc

Analysis

The Schoolhouse Learning Center Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, The Schoolhouse Learning Center Inc reported income of $2.3m and spending of $1.8m, spending 80% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $2.3m (+70%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Schoolhouse Learning Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within VT. Charities of a similar size with the same main cause include The Central Scholarship Bureau Inc ($2.3m), Saint Elizabeth Community ($2.3m) and Bishop Kelly Foundation Inc ($2.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 13% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $122k (6.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $641k, net assets of $1.9m. It reported 61 employees.