Learn More Center Inc

Analysis

Learn More Center Inc is a registered charity in United States, based in N Manchester, IN. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Learn More Center Inc reported income of $293k and spending of $340k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $293k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Learn More Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Second Home Learning Center ($293k), Muirs Little Scholars Inc ($293k) and Georgetown Village Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $58k (17% of expenses). Other salaries and wages came to $171k. At year end it held assets of $154k against liabilities of $3,216, net assets of $150k. It reported 13 employees.