Learning Foundations of Metropolitan Washington Inc

Analysis

Learning Foundations of Metropolitan Washington Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 1999, 27 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 June 2024, Learning Foundations of Metropolitan Washington Inc reported income of $8.0m and spending of $6.9m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.6m to $8.0m (+22%), an average of +4.0% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Foundations of Metropolitan Washington Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Brophy Community Foundation ($8.0m), Stoneleigh-Burnham School ($8.0m) and The Savannah Classical Academy a Challenge Foundation Academy ($8.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $282k (4.1% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $12.8m against liabilities of $2.6m, net assets of $10.2m. It reported 57 employees.