Passion for Learning Inc

Analysis

Passion for Learning Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2004, 22 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 2024, Passion for Learning Inc reported income of $101k and spending of $189k, spending 187% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $200k to $101k (-50%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Passion for Learning Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include LTS Chandler PTO Inc ($101k), Wonderland Coop Nursery School ($101k) and Quaker Ridge Employee Charity Fund Inc ($101k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $81k (43% of expenses). Other salaries and wages came to $37k. At year end it held assets of $84k against liabilities of $4,697, net assets of $80k. It reported 3 employees.