Learning Ally Inc

Analysis

Learning Ally Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Learning Ally Inc reported income of $30.6m and spending of $33.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.4m to $30.6m (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Learning Ally Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Blue Grass Community Action Partnership Inc ($30.5m), Morningstar Senior Living Inc ($30.6m) and Intermountain Centers for Human Development Inc ($30.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $5.9m (18% of expenses). Other salaries and wages came to $13.0m. It paid $506k in professional fundraising fees. At year end it held assets of $37.9m against liabilities of $14.8m, net assets of $23.1m. It reported 242 employees.