Foundation for Learning Equality Inc

Analysis

Foundation for Learning Equality Inc is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation for Learning Equality Inc reported income of $2.8m and spending of $3.7m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.8m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Learning Equality Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Beulah Academy of Science Inc ($2.8m), Ralph W & Grace M Showalter Research Trust Fund ($2.8m) and Texoma Christian School ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $105k (2.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.6m against liabilities of $356k, net assets of $2.2m. It reported 21 employees.