Higher Learning Development Center Inc

Analysis

Higher Learning Development Center Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in August 2016, 10 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, Higher Learning Development Center Inc reported income of $662k and spending of $502k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $662k (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Higher Learning Development Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Refuge for Children Inc ($662k), Stone Soup Cafe Inc ($663k) and California Sustainable Winegrowing Alliance ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $127k (25% of expenses). Other salaries and wages came to $146k. At year end it held assets of $833k against liabilities of $391k, net assets of $442k. It reported 21 employees.