Learning Community Charter School Inc

Analysis

Learning Community Charter School Inc is a registered charity in United States, based in Central Falls, RI. It received its IRS tax-exemption ruling in June 2005, 21 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 June 2023, Learning Community Charter School Inc reported income of $13.2m and spending of $13.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $13.2m (+26%), an average of +5.8% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Community Charter School Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include College of Charleston Foundation ($13.2m), The Roosevelt Institute ($13.2m) and New Horizons Community Charter School in ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $163k (1.2% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $12.1m against liabilities of $3.3m, net assets of $8.7m. It reported 184 employees.

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.