Increase Learning Center Inc

Analysis

Increase Learning Center Inc is a registered charity in United States, based in Reidsville, NC. It received its IRS tax-exemption ruling in May 2003, 23 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 December 2023, Increase Learning Center Inc reported income of $167k and spending of $163k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $167k (-7.0%), an average of -7.0% a year. 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, Increase Learning Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Racine Interfaith Coalation Inc ($167k), Lancaster County Virginia Education Foundation Inc ($167k) and Gov Dolph L Briscoe TX Agr Life Leadership FDN Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $75k against liabilities of $2,849, net assets of $72k.