L E a R N

Analysis

L E a R N is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in December 1966, 60 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 June 2023, L E a R N reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+10%), an average of +2.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L E a R N 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 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Center for Human Appeareance Research & Educational Fund Inc ($1.2m), Hawkeye Wrestling Club ($1.2m) and Arapahoe Youth League Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (6.2% of expenses). Other salaries and wages came to $618k. At year end it held assets of $3,351 against liabilities of $16, net assets of $3,335. It reported 21 employees.