Learning Club of Toledo

Analysis

Learning Club of Toledo is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in September 1998, 28 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 June 2024, Learning Club of Toledo reported income of $292k and spending of $307k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $300k to $292k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Club of Toledo sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Prescott Unified School District Education Foundation ($292k), Dayton Montessori Society Inc ($292k) and Wichita Indochinese Center Inc ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (30% of expenses). Other salaries and wages came to $108k. At year end it held assets of $7,804 against liabilities of $429, net assets of $7,375. It reported 41 employees.