Learning Community Inc

Analysis

Learning Community Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2024, Learning Community Inc reported income of $1.8m and spending of $1.6m, spending 93% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.4m to $1.8m (+26%), an average of +4.7% a year. The sharpest change came in the year to August 2023, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Community Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Community Based Activity Program Inc ($1.8m), Rochelle Zell Jewish High School Endowment Fund ($1.8m) and Prism Reports Inc ($1.8m).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $119k (7.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.4m against liabilities of $1.8m, net assets of $1.6m. It reported 35 employees.