Learning Center of Northeast Arkansas Inc

Analysis

Learning Center of Northeast Arkansas Inc is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in December 1990, 36 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 2024, Learning Center of Northeast Arkansas Inc reported income of $9.1m and spending of $8.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.9m to $9.1m (+87%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Center of Northeast Arkansas Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include Texas Charter Schools Association ($9.1m), Liguori Academy ($9.1m) and William & Mary Business School Foundation ($9.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $7.8m against liabilities of $1.2m, net assets of $6.6m. It reported 241 employees.