Fostoria Learning Center Inc

Analysis

Fostoria Learning Center Inc is a registered charity in United States, based in Fostoria, OH. It received its IRS tax-exemption ruling in July 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, Fostoria Learning Center Inc reported income of $321k and spending of $425k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $359k to $321k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fostoria Learning Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Inspired Communities Foundation ($321k), Gameis Inc ($321k) and Council of Public Liberal Arts College ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $2.6m against liabilities of $1.4m, net assets of $1.2m.

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.