Learning2

Analysis

Learning2 is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in July 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 December 2023, Learning2 reported income of $70k and spending of $52k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $107k to $70k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning2 sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Salinas Valley Chamber of Commerce Foundation ($70k), Paly Media Arts Boosters ($70k) and Sunset Ranch Elementary Parent Teacher Club ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $68k against liabilities of $9,594, net assets of $59k.