Precious Years Learning Center

Analysis

Precious Years Learning Center is a registered charity in United States, based in Nisswa, MN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Precious Years Learning Center reported income of $667k and spending of $648k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $667k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Years Learning Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Hot Meals USA ($667k), Bright Hope Community Service Center ($667k) and Community Seva Inc ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $510k. At year end it held assets of $282k against liabilities of $14k, net assets of $268k. It reported 15 employees.