Learning Springs Academy Inc

Analysis

Learning Springs Academy Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2017, 9 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 2023, Learning Springs Academy Inc reported income of $543k and spending of $513k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $543k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Springs Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Hanover Education Foundation ($543k), Chedvas Bais Yaakov ($543k) and Burlington-Edison Alumni Foundation Dollars for Scholars ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $186k (36% of expenses). Other salaries and wages came to $157k. At year end it held assets of $230k against liabilities of $398k, net assets of -$167k. It reported 11 employees.