May Center for Learning

Analysis

May Center for Learning is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in May 2014, 12 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 August 2023, May Center for Learning reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $2.4m (+50%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, May Center for Learning sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Wings Learning Center Inc ($2.4m), Ascent a School for Individuals with Autism ($2.4m) and Hertford County Educational Foundation Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $113k (4.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $975k against liabilities of $585k, net assets of $390k. It reported 62 employees.