Learning Community Inc

Analysis

Learning Community Inc is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in October 1997, 29 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 May 2023, Learning Community Inc reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.2m to $2.1m (+80%), an average of +22% a year. The sharpest change came in the year to May 2023, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Community Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Conway Christian School ($2.1m), Bronxville Montessori School ($2.1m) and Southside Virginia Communtiy College Foundation Inc ($2.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.2m against liabilities of $3.0m, net assets of $1.2m. It reported 33 employees.