Confidence Learning Center

Analysis

Confidence Learning Center is a registered charity in United States, based in E Gull Lake, MN. It received its IRS tax-exemption ruling in September 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Confidence Learning Center reported income of $1.6m and spending of $1.3m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Confidence Learning Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Taskforce Prevention and Community Services ($1.6m), Saint Louis Ballet Company ($1.6m) and Legal Aid Association of California ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $100k (7.6% of expenses). Other salaries and wages came to $683k. At year end it held assets of $6.3m against liabilities of $445k, net assets of $5.9m. It reported 75 employees.