Learning Center Foundation of Central Cobb Inc

Analysis

Learning Center Foundation of Central Cobb Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in March 2012, 14 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 2024, Learning Center Foundation of Central Cobb Inc reported income of $5.7m and spending of $6.7m, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.6m to $5.7m (+1.9%), an average of +0.5% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Center Foundation of Central Cobb Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Inspire School of Arts and Sciences ($5.7m), Mount Vernon Christian School ($5.7m) and Dual Immersion Academy Incorporated ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 72% of the total. At year end it held assets of $14.4m against liabilities of $20.7m, net assets of -$6.3m. It reported 53 employees.