Village Learning Place Inc

Analysis

Village Learning Place Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1999, 27 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, Village Learning Place Inc reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $887k to $1.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Village Learning Place Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Nebraska Center for Workforce Development and Education ($1.4m), The Side-Out Foundation ($1.4m) and The K16 Ready Society ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $89k (6.1% of expenses). Other salaries and wages came to $656k. At year end it held assets of $1.6m against liabilities of $874k, net assets of $773k. It reported 51 employees.