Como Early Learning Center

Analysis

Como Early Learning Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2022, 4 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 September 2023, Como Early Learning Center reported income of $834k and spending of $836k, spending 100% of its income. Across the 3 years on record, from September 2019 to September 2023, income grew from $690k to $834k (+21%), an average of +10% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Como Early Learning Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include The Southwest Alaska Vocational and Educational Center ($834k), Rising Stars Foundation Corp ($834k) and T Klokhuis Inc ($834k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $77k (9.2% of expenses). Other salaries and wages came to $542k. At year end it held assets of $70k against liabilities of $47k, net assets of $23k. It reported 28 employees.

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.