Precious One Learning Center Inc

Analysis

Precious One Learning Center Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. 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 December 2023, Precious One Learning Center Inc reported income of $452k and spending of $542k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $636k to $452k (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Precious One Learning Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Multistate Association for Bilingual Education-Northeast Inc ($452k), Wellness House ($452k) and Outside in Theatre ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $342k. At year end it held assets of $1.2m against liabilities of $629k, net assets of $536k. It reported 16 employees.