Presbyterian Learning Center of Lumberton

Analysis

Presbyterian Learning Center of Lumberton is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in May 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 December 2023, Presbyterian Learning Center of Lumberton reported income of $662k and spending of $697k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $662k (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 3974%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Presbyterian Learning Center of Lumberton sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Andrew L Hicks Jr Foundation ($662k), Mt Salus Christian School ($662k) and Phi Sigma Sigma Foundation Inc ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $459k (66% of expenses). At year end it held assets of $902k against liabilities of $344k, net assets of $558k. It reported 35 employees.