K and N Learning Centers Inc

Analysis

K and N Learning Centers Inc is a registered charity in United States, based in Prescott, WI. It received its IRS tax-exemption ruling in January 2013, 13 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, K and N Learning Centers Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $708k to $1.5m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, K and N Learning Centers Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Midland Montessori School Inc ($1.5m), Five Colleges of Ohio ($1.5m) and Eldredge Public Library ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $66k (5.2% of expenses). Other salaries and wages came to $757k. At year end it held assets of $1.6m against liabilities of $587k, net assets of $1.0m. It reported 66 employees.