Childrens Learning Centers of Amarillo Inc

Analysis

Childrens Learning Centers of Amarillo Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1969, 57 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 December 2023, Childrens Learning Centers of Amarillo Inc reported income of $4.6m and spending of $3.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Learning Centers of Amarillo Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Chances and Services for Youth Inc ($4.6m), Cambridge Ellis School Inc ($4.6m) and Edison High School ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $7.6m against liabilities of $256k, net assets of $7.4m. It reported 146 employees.