Learning Project Inc

Analysis

Learning Project Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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 2024, Learning Project Inc reported income of $4.4m and spending of $4.3m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $4.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Project Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association of Ashland ($4.4m), Northwest Florida State College Foundation Inc ($4.4m) and Alcuin Montessori School ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $305k (7.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $18.5m against liabilities of $1.4m, net assets of $17.1m. It reported 40 employees.