Learning Institute of Philadelphia Inc

Analysis

Learning Institute of Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Learning Institute of Philadelphia Inc reported income of $231k and spending of $214k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $231k (-23%), an average of -6.5% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Learning Institute of Philadelphia Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Sahq Backers ($230k), The Houston Friendship Circle Inc ($231k) and National Masonic Foundation for Children ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $75k against liabilities of $103k, net assets of -$28k. It reported 10 employees.