Kuumba Learning Center Inc

Analysis

Kuumba Learning Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kuumba Learning Center Inc reported income of $666k and spending of $763k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $666k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kuumba Learning Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Norman Williams Public Library ($666k), Freedom 4 Youth ($666k) and Nebraska Christian Schools Foundation ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (3.1% of expenses). Other salaries and wages came to $392k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.