Homeschool Learning Center Inc

Analysis

Homeschool Learning Center Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in July 2019, 7 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 2023, Homeschool Learning Center Inc reported income of $2.2m and spending of $2.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $2.2m (+225%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homeschool Learning Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Monroe Christian School Society ($2.2m), Pra Building Corporation ($2.2m) and Newberry Christian Community School Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $242k against liabilities of $20k, net assets of $222k. It reported 46 employees.