Learning Clinic Inc

Analysis

Learning Clinic Inc is a registered charity in United States, based in Brooklyn, CT. It received its IRS tax-exemption ruling in June 1985, 41 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 July 2023, Learning Clinic Inc reported income of $2.7m and spending of $4.2m, spending 159% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $6.1m to $2.7m (-57%), an average of -19% a year. The sharpest change came in the year to July 2022, when income dropped by 50%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Clinic Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Macon East Academy ($2.7m), Seton Center Inc ($2.7m) and Support for Missions Inc ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $302k (7.1% of expenses). At year end it held assets of $21.0m against liabilities of $3.2m, net assets of $17.8m. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.