Asteme Learning Center Inc

Analysis

Asteme Learning Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asteme Learning Center Inc reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asteme Learning Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Sierra College Foundation ($1.8m), Great Lakes Colleges Association Inc ($1.8m) and Paradise Charter Middle School ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $634k. At year end it held assets of $482k against liabilities of $199k, net assets of $283k.

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.