Alachua Learning Center Inc

Analysis

Alachua Learning Center Inc is a registered charity in United States, based in Alachua, FL. It received its IRS tax-exemption ruling in November 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 2023, Alachua Learning Center Inc reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alachua Learning Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Palomar College Foundation ($1.7m), Concord Free Public Library Corporation ($1.7m) and Providence Academy ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $102k (6.9% of expenses). Other salaries and wages came to $921k. At year end it held assets of $3.2m against liabilities of $340k, net assets of $2.9m. It reported 52 employees.