Love & Learning Center of Milam County

Analysis

Love & Learning Center of Milam County is a registered charity in United States, based in Rockdale, TX. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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 August 2023, Love & Learning Center of Milam County reported income of $464k and spending of $476k, spending 103% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $326k to $464k (+42%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love & Learning Center of Milam County sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Iglesia de Dios de LA Profecia de Hempstead Inc ($464k), Heart of Kentucky United Way ($464k) and Signs of the Times Apostolate Inc ($464k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $52k (11% of expenses). Other salaries and wages came to $254k. At year end it held assets of $233k against liabilities of $8,225, net assets of $225k. It reported 28 employees.