Friends of the Learning Community Charter School

Analysis

Friends of the Learning Community Charter School is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in April 2009, 17 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, Friends of the Learning Community Charter School reported income of $197k and spending of $63k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $197k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Learning Community Charter School sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Tree Foundation Inc ($197k), Grand Prairie Independent School District Education Foundation ($197k) and Miss New Hampshire Scholarship Foundation Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $996k against liabilities of $657, net assets of $995k.