Innovation Learning Center

Analysis

Innovation Learning Center is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Innovation Learning Center reported income of $132k and spending of $139k, spending 106% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $124k to $132k (+6.1%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 225%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Learning Center sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Pta-P S 144 Boro of Queens ($132k), Pioneer Middle School Parent Teacher Organization Inc ($132k) and Twelve Bridges Elementary School Parent Teacher Club ($132k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.