Ilearn Schools Inc

Analysis

Ilearn Schools Inc is a registered charity in United States, based in Fair Lawn, NJ. It received its IRS tax-exemption ruling in November 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, Ilearn Schools Inc reported income of $12.6m and spending of $8.9m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $12.6m (+115%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilearn Schools Inc sits at the 94th 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 97th percentile within NJ. Charities of a similar size with the same main cause include Chestnut Hill School ($12.6m), Colorado Rocky Mountain School ($12.6m) and Pencil Foundation ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $608k (6.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $17.4m against liabilities of $4.2m, net assets of $13.2m. It reported 65 employees.