The Key to Learning with Dr Nyman

Analysis

The Key to Learning with Dr Nyman is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in May 2017, 9 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, The Key to Learning with Dr Nyman reported income of $1.4m and spending of $1.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Key to Learning with Dr Nyman sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Gerald R Ford Foundation ($1.4m), Sumter Two School Facilities Inc ($1.4m) and GSD Advisers Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $69k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $237k against liabilities of $258k, net assets of -$22k. It reported 75 employees.