Old Lyme Childrens Learning Center Inc

Analysis

Old Lyme Childrens Learning Center Inc is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 August 2023, Old Lyme Childrens Learning Center Inc reported income of $595k and spending of $505k, spending 85% of its income. Across the 3 years on record, from August 2020 to August 2023, income grew from $395k to $595k (+51%), an average of +23% a year. The sharpest change came in the year to August 2022, when income rose by 72%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Lyme Childrens Learning Center Inc 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 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Ohio Township Volunteer Fire Company of Allegheny County ($594k), Boone County Agricultural Association ($595k) and New Mexico Laborers Training Trust Fund ($594k).

On its Form 990 for the period ending August 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 $58k (12% of expenses). Other salaries and wages came to $330k. At year end it held assets of $405k against liabilities of $3,490, net assets of $401k. It reported 48 employees.