Learn-N-Play Inc

Analysis

Learn-N-Play Inc is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Learn-N-Play Inc reported income of $511k and spending of $524k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $511k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Learn-N-Play Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Eastern Oregon Mission ($511k), New Choices Inc ($512k) and Southwest Arkansas Community Development Corporation ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $102k (19% of expenses). Other salaries and wages came to $267k. At year end it held assets of $101k against liabilities of $12k, net assets of $89k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.