McRae Learning Center Inc

Analysis

McRae Learning Center Inc is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in February 2024, 2 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 September 2024, McRae Learning Center Inc reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 2 years on record, from December 2018 to September 2024, income grew from $295k to $1.5m (+404%), an average of +404% a year. The sharpest change came in the year to September 2024, when income rose by 404%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McRae Learning Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Brightways Learning ($1.5m), C B Community Schools ($1.5m) and Pattillo Center-School Inc ($1.5m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $601k. At year end it held assets of $1.0m against liabilities of $128k, net assets of $874k. It reported 25 employees.