Multicultural Learning Center Foundation

Analysis

Multicultural Learning Center Foundation is a registered charity in United States, based in Canoga Park, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Multicultural Learning Center Foundation reported income of $566k and spending of $555k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $621k to $566k (-8.9%), an average of -2.3% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Multicultural Learning Center Foundation 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 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Foundation for the Young Womens Leadership Academy of Fort Worth ($566k), Project Promise ($566k) and Wings Homeschool Group ($565k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 89% of the total. At year end it held assets of $5.6m against liabilities of $5.9m, net assets of -$217k.