Madonna Learning Center Incorporated

Analysis

Madonna Learning Center Incorporated is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in June 1974, 52 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, Madonna Learning Center Incorporated reported income of $4.3m and spending of $3.1m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.3m (+121%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madonna Learning Center Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Student Association of Binghamton University Inc ($4.3m), Cleveland College Preparatory School ($4.3m) and Associated Professional Educators of Louisiana ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $116k (3.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $16.1m against liabilities of $442k, net assets of $15.7m. It reported 80 employees.