Learning Resource Ctr of Polk Co

Analysis

Learning Resource Ctr of Polk Co is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Learning Resource Ctr of Polk Co reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Resource Ctr of Polk Co sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Learning Institute of Texas ($1.1m), South Side Christian Academy ($1.1m) and Smart Start Youth & Family Services Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $87k (7.1% of expenses). Other salaries and wages came to $206k. At year end it held assets of $902k against liabilities of $396k, net assets of $506k. It reported 9 employees.