Learning Block Preschool Daycare

Analysis

Learning Block Preschool Daycare is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Learning Block Preschool Daycare reported income of $201k and spending of $201k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $201k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Learning Block Preschool Daycare sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Lily Pad- a Soft Place to Land Inc ($201k), Earnest Shepherd Memorial Youth Center Inc ($201k) and Mental Health Association Pinecrest Place Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $12k (6.0% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.