Friends of the Community Learning Center Inc

Analysis

Friends of the Community Learning Center Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 1992, 34 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 June 2023, Friends of the Community Learning Center Inc reported income of $123k and spending of $78k, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $107k to $123k (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Community Learning Center Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Oregon Coast Childrens Theatre ($123k), PTA Texas Congress ($123k) and Sacred Heart Teachers Sustentation Fund ($123k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.