Learning Adventures Child Care Center

Analysis

Learning Adventures Child Care Center is a registered charity in United States, based in Gothenburg, NE. It received its IRS tax-exemption ruling in February 2016, 10 years ago. 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, Learning Adventures Child Care Center reported income of $1.1m and spending of $886k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $1.1m (+246%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Adventures Child Care Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Young Mens Christian Association of Danville Ill ($1.1m), Ark Dothan Inc ($1.1m) and Hillel the Foundation for Jewish Campus Life ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $537k. At year end it held assets of $769k against liabilities of $0, net assets of $769k. It reported 44 employees.