Learning Enrichment After-School Program Inc

Analysis

Learning Enrichment After-School Program Inc is a registered charity in United States, based in Lake Balboa, CA. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Learning Enrichment After-School Program Inc reported income of $2.3m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.3m (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Enrichment After-School Program Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Artistyear ($2.3m), Academy of Scholastic Achievement ($2.3m) and Suncoast School for Innovative Studies Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $214k. At year end it held assets of $971k against liabilities of $827k, net assets of $144k. It reported 8 employees.