Learning Grove Inc

Analysis

Learning Grove Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, Learning Grove Inc reported income of $17.8m and spending of $18.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.5m to $17.8m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Grove Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Brookline Community Mental Health Center Inc ($17.8m), Houston Hospice ($17.8m) and Bobby Dodd Institute Inc ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $448k (2.4% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $12.8m against liabilities of $6.2m, net assets of $6.5m. It reported 583 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.