Academic Learning Center

Analysis

Academic Learning Center is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in October 1998, 28 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, Academic Learning Center reported income of $113k and spending of $122k, spending 107% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $143k to $113k (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academic Learning Center sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Pacesetter Booster Club ($113k), University City Open Doors Inc ($113k) and Norwalk Public Library Foundationinc ($113k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $328k against liabilities of $1,419, net assets of $326k.