Thankful Learning Center Inc

Analysis

Thankful Learning Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1993, 33 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, Thankful Learning Center Inc reported income of $461k and spending of $504k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $461k (+8.4%), an average of +2.0% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thankful Learning Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Gainesville for All ($461k), Heartland High School ($461k) and National Hep-Camp Association ($460k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Other salaries and wages came to $359k. At year end it held assets of $941k against liabilities of $0, net assets of $941k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.