Village Learning Center Inc

Analysis

Village Learning Center Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in March 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 December 2023, Village Learning Center Inc reported income of $5.1m and spending of $5.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.1m (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Learning Center 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 Ten Up Ministries Thrift Store ($5.1m), Senior Services of Central Illinois Inc ($5.1m) and Operation BBQ Relief ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $91k (1.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.3m against liabilities of $657k, net assets of $4.7m. It reported 103 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.