Swift Learning Center Inc

Analysis

Swift Learning Center Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in December 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, Swift Learning Center Inc reported income of $8.0m and spending of $7.0m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.8m to $8.0m (+39%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swift Learning Center 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 GA. Charities of a similar size with the same main cause include Magnolia Heights School Inc ($8.0m), Lundeberg Maryland Seamanship School Inc ($8.0m) and Welch College ($8.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $441k (6.3% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $13.5m against liabilities of $5.5m, net assets of $8.0m. It reported 86 employees.