Learn Lonestar Education and Research Network

Analysis

Learn Lonestar Education and Research Network is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Learn Lonestar Education and Research Network reported income of $10.6m and spending of $9.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $10.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learn Lonestar Education and Research Network sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Operating Engineers Loc 324 Journey Men & Apprentice Trainin F Loc 324 ($10.6m), Forte Preparatory Academy Charter School ($10.6m) and Nassau Library System ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.3m (14% of expenses). At year end it held assets of $30.4m against liabilities of $3.8m, net assets of $26.6m. It reported 6 employees.