Royce Learning Center

Analysis

Royce Learning Center is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in October 1970, 56 years ago. 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 July 2023, Royce Learning Center reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.7m to $2.2m (+30%), an average of +9.0% a year. The sharpest change came in the year to July 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Royce Learning Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Mental Health Association in San Diego County ($2.2m), American Osteopathic Foundation Inc ($2.2m) and Tribe Media Corp ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $143k (6.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.2m against liabilities of $712k, net assets of $1.4m. It reported 51 employees.