Good Counsel Learning Center Inc

Analysis

Good Counsel Learning Center Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in April 2020, 6 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, Good Counsel Learning Center Inc reported income of $188k and spending of $161k, spending 86% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $307k to $188k (-39%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Good Counsel Learning Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Routt High School Education Foundation Inc ($188k), The Foundation of the Friendly Sons of the Shillelagh Inc ($188k) and American Forensic Association ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 33% of the total. Other salaries and wages came to $109k. At year end it held assets of $318k against liabilities of $2,153, net assets of $316k. It reported 18 employees.