The Learning Center for the Deaf Inc

Analysis

The Learning Center for the Deaf Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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, The Learning Center for the Deaf Inc reported income of $30.8m and spending of $30.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.6m to $30.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Learning Center for the Deaf Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include RVC Insurance Company Inc ($30.8m), Living Well Disability Services ($30.8m) and Carestl Health ($30.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $512k (1.7% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $23.8m against liabilities of $13.1m, net assets of $10.7m. It reported 481 employees.