The Source for Learning Inc

Analysis

The Source for Learning Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, The Source for Learning Inc reported income of $10.1m and spending of $4.7m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $10.1m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Source for Learning Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include National Energy Education Development Project Inc ($10.1m), Association of the Bar of the City of New York Fund Inc ($10.1m) and Holocaust Memorial Center ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Compensation of current officers, directors and key employees was $377k (8.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $80.5m against liabilities of $2.5m, net assets of $77.9m. It reported 19 employees.