Tunica Institute of Learning Inc

Analysis

Tunica Institute of Learning Inc is a registered charity in United States, based in Tunica, MS. It received its IRS tax-exemption ruling in September 2004, 22 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, Tunica Institute of Learning Inc reported income of $1.9m and spending of $1.5m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tunica Institute of Learning Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MS. Charities of a similar size with the same main cause include North Bronx National Council Negro Women Child Development Ctr Inc ($1.9m), Haven Education ($1.9m) and Eastside Academics Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $142k (9.4% of expenses). Other salaries and wages came to $850k. At year end it held assets of $1.0m against liabilities of $66k, net assets of $968k. It reported 48 employees.