Refine Learning Center II Inc

Analysis

Refine Learning Center II Inc is a registered charity in United States, based in Oakland Park, FL. It received its IRS tax-exemption ruling in July 2020, 6 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 2022, Refine Learning Center II Inc reported income of $170k and spending of $173k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $229k to $170k (-26%), an average of -9.5% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Refine Learning Center II Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Palos Verdes on the Net ($170k), Habla Friends of River Glen Elementary ($170k) and Wsna Scholarship and Research Charitable Fund ($170k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,356 against liabilities of $2,356, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.