Branches Academy and Early Learning Center Inc

Analysis

Branches Academy and Early Learning Center Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Branches Academy and Early Learning Center Inc reported income of $799k and spending of $926k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $597k to $799k (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Branches Academy and Early Learning Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Raleigh Nursery School Inc ($799k), Childrens Learning World a Montessori School Inc ($799k) and Thrive Academy Atlanta Inc ($799k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Other salaries and wages came to $754k. At year end it held assets of $177k against liabilities of $0, net assets of $177k. It reported 47 employees.