Love Learning Plus

Analysis

Love Learning Plus is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2016, 10 years ago. 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 July 2024, Love Learning Plus reported income of $263k and spending of $199k, leaving 24% of income unspent that year. Across the 4 years on record, from July 2021 to July 2024, income grew from $62k to $263k (+324%), an average of +62% a year. The sharpest change came in the year to July 2024, when income rose by 69%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Learning Plus sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Ignite Capital Inc ($263k), PTA California Congress of Parents Teachers & Students Inc ($263k) and Atlantic Volunteer Fire and Rescue Company Incorporated ($263k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $105k (53% of expenses). Other salaries and wages came to $45k. At year end it held assets of $74k against liabilities of $800, net assets of $74k. It reported 6 employees.