Morgantown Early Learning Facility Inc

Analysis

Morgantown Early Learning Facility Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in August 1984, 42 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 August 2023, Morgantown Early Learning Facility Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morgantown Early Learning Facility Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include Academy of Interactive Entertainment ($1.3m), Bridge Education ($1.3m) and Street Business School ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $779k. At year end it held assets of $1.0m against liabilities of $639k, net assets of $391k. It reported 71 employees.