Learning Institute of Texas

Analysis

Learning Institute of Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Learning Institute of Texas reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.4m to $1.1m (-21%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Institute of Texas sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Smart Start Youth & Family Services Inc ($1.1m), Learning Resource Ctr of Polk Co ($1.1m) and College Station Isd Education Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $96k (8.5% of expenses). Other salaries and wages came to $466k. At year end it held assets of $735k against liabilities of $5,753, net assets of $729k. It reported 12 employees.