B5 Learning Center

Analysis

B5 Learning Center is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, B5 Learning Center reported income of $1.4m and spending of $539k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.0m to $1.4m (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, B5 Learning Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Boys & Girls Club of Greeneville Greene County ($1.4m), Peace Place Inc ($1.4m) and M&s Kolel Grocery Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). Other salaries and wages came to $327k. At year end it held assets of $2.7m against liabilities of $115k, net assets of $2.5m. It reported 35 employees.