Living Classrooms Foundation Inc

Analysis

Living Classrooms Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1998, 28 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 December 2021, Living Classrooms Foundation Inc reported income of $15.6m and spending of $10.3m, leaving 34% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income grew from $10.5m to $15.6m (+48%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Classrooms Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include New St Paul Tabernacle Church of God in Christ Head Start Agency ($15.6m), Grambling High Foundation ($15.6m) and Christopher Columbus Charter School ($15.6m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 93% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $961k (9.3% of expenses). Other salaries and wages came to $4.7m. It paid $330k in professional fundraising fees. At year end it held assets of $39.6m against liabilities of $7.8m, net assets of $31.7m. It reported 451 employees.