Learning Lamp Inc

Analysis

Learning Lamp Inc is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Lamp Inc reported income of $15.6m and spending of $15.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $15.6m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Lamp Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Medical Educatiion & Research Instutute ($15.6m), Renbrook School Incorporated ($15.6m) and Keys Family Day School Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $425k (2.8% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $9.1m against liabilities of $1.9m, net assets of $7.2m. It reported 1,131 employees.