Appletree Learning Center

Analysis

Appletree Learning Center is a registered charity in United States, based in Eveleth, MN. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Appletree Learning Center reported income of $605k and spending of $581k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $605k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Appletree Learning Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include The J F Kapnek Charitable Trust ($605k), Growing Minds Academy Inc ($605k) and Nazareth House of San Rafael Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $56k (9.6% of expenses). Other salaries and wages came to $338k. At year end it held assets of $346k against liabilities of -$823, net assets of $347k. It reported 31 employees.