Key Learning Center

Analysis

Key Learning Center is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 2016, 10 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 June 2023, Key Learning Center reported income of $160k and spending of $204k, spending 127% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $23k to $160k (+597%), an average of +164% a year. The sharpest change came in the year to June 2022, when income rose by 470%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Key Learning Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Republic of South Sudan Leaders ($160k), Arizona Kids Think Too ($160k) and Y2 Believe Inc ($160k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. At year end it held assets of $110k against liabilities of $62k, net assets of $48k.