New Learning Ventures Inc

Analysis

New Learning Ventures Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2017, 9 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 June 2023, New Learning Ventures Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $486k to $1.8m (+278%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 97%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Learning Ventures Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Folds of Honor Foundation ($1.8m), Optim-All Services Inc ($1.8m) and Albemarle Educational Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $102k (5.9% of expenses). Other salaries and wages came to $722k. At year end it held assets of $4.8m against liabilities of $5.3m, net assets of -$567k. It reported 18 employees.