Learning Circle Inc

Analysis

Learning Circle Inc is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in September 1992, 34 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 June 2024, Learning Circle Inc reported income of $689k and spending of $680k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $588k to $689k (+17%), an average of +4.1% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Circle Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Itee Global ($689k), Alliance for Healthy Youth ($689k) and Ocala First Preschool Inc ($689k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $64k (9.4% of expenses). Other salaries and wages came to $457k. At year end it held assets of $399k against liabilities of $4,964, net assets of $394k. It reported 24 employees.