Still Waters Learning Center Inc

Analysis

Still Waters Learning Center Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Still Waters Learning Center Inc reported income of $1.4m and spending of $1.4m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $1.4m (+95%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Still Waters Learning Center Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include 12 Plus ($1.4m), Independent Schools Association of the Southwest ($1.4m) and Communities in Schools-Baytown Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $199k (14% of expenses). Other salaries and wages came to $372k. At year end it held assets of $88k against liabilities of $519k, net assets of -$431k. It reported 29 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.