Learning Center of North Texas Inc

Analysis

Learning Center of North Texas Inc is a registered charity in United States, based in Ft Worth, TX. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Learning Center of North Texas Inc reported income of $798k and spending of $752k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $706k to $798k (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Learning Center of North Texas Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include The Dawning Villag Inc ($798k), 200 Club of Savannah Inc ($798k) and Beautiful Together ($798k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $93k (12% of expenses). Other salaries and wages came to $439k. It paid $5,000 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $178k, net assets of $898k. It reported 19 employees.