Learning Web Inc

Analysis

Learning Web Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Learning Web Inc reported income of $1.3m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $855k to $1.3m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Learning Web Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Communities in Schools of Peninsula ($1.3m), Christ Fit Gym Inc ($1.3m) and Boys & Girls Clubs of Shelby County ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $92k (8.5% of expenses). Other salaries and wages came to $399k. At year end it held assets of $757k against liabilities of $214k, net assets of $543k. It reported 13 employees.