Learnquest Inc

Analysis

Learnquest Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Learnquest Inc reported income of $300k and spending of $289k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $300k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 722%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Learnquest Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Flux Factory Inc ($300k), Lillith Lidseen Performing Artsassociation Inc ($300k) and Bisbee Council on the Arts & Humanities ($300k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $21k against liabilities of $2,000, net assets of $19k.