Learning Center of Madisonville Inc

Analysis

Learning Center of Madisonville Inc is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Learning Center of Madisonville Inc reported income of $85k and spending of $87k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $85k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Center of Madisonville Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include United Abacus Arithmetic Association ($85k), Northwest Tri-County Educational Foundation Inc ($85k) and Mannsdale Upper Elementary PTO ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $28k against liabilities of $306, net assets of $28k.