The George B Thomas Sr Learning Academy Inc

Analysis

The George B Thomas Sr Learning Academy Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2023, The George B Thomas Sr Learning Academy Inc reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.7m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The George B Thomas Sr Learning Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Farmingdale State College Student Government Association Inc ($1.7m), Ustc Initiative Fund ($1.7m) and Southwest Institute of Montessori Studies ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $38k (2.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $931k against liabilities of $154k, net assets of $777k. It reported 233 employees.