Schoolcraft Learning Community

Analysis

Schoolcraft Learning Community is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Schoolcraft Learning Community reported income of $3.9m and spending of $2.9m, leaving 27% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.9m (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schoolcraft Learning Community sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Saint Josephs Episcopal School Inc ($3.9m), The Child and Family Network Centers Inc ($3.9m) and Gateway Academy Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $336k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.8m against liabilities of $6.0m, net assets of -$245k. It reported 66 employees.