The Place for Learning Inc

Analysis

The Place for Learning Inc is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Place for Learning Inc reported income of $436k and spending of $549k, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $161k to $436k (+170%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 389%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Place for Learning Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Somerset County Federated Library System Inc ($435k), Minnesota Head Start Association Inc ($436k) and National Hispanic Foundation for the Arts ($435k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 75% of the total. Other salaries and wages came to $242k. At year end it held assets of $5.7m against liabilities of $4.9m, net assets of $739k. It reported 16 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.