Family Learning Center Inc

Analysis

Family Learning Center Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 December 2023, Family Learning Center Inc reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $995k to $1.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family 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 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Jordan Housing Corporation a Calif Nonprofit Public Benefit Corp ($1.3m), Communityworx ($1.3m) and Brevard County Legal Aid Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $82k (7.4% of expenses). Other salaries and wages came to $538k. It paid $24k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $17k, net assets of $1.5m. It reported 22 employees.