Learning Village Inc

Analysis

Learning Village Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 December 2023, Learning Village Inc reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Village Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Union Community Action Association ($1.3m), Becker County Historical Society ($1.3m) and Sonshine Family Television Corp ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $58k (5.4% of expenses). Other salaries and wages came to $669k. At year end it held assets of $1.6m against liabilities of $66k, net assets of $1.6m. It reported 27 employees.