Center for Learning Unlimited Incorporated

Analysis

Center for Learning Unlimited Incorporated is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in May 2002, 24 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 August 2023, Center for Learning Unlimited Incorporated reported income of $2.5m and spending of $1.9m, leaving 22% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.5m (+40%), an average of +8.8% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Learning Unlimited Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Gateways Access to Jewish Education Inc ($2.5m), Renewing the Countryside II ($2.5m) and Fosterus ($2.5m).

On its Form 990 for the period ending August 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 $68k (3.5% of expenses). Other salaries and wages came to $842k. At year end it held assets of $1.8m against liabilities of $267k, net assets of $1.5m. It reported 33 employees.