Invent Learning Hub

Analysis

Invent Learning Hub is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 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 June 2023, Invent Learning Hub reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $483k to $3.1m (+539%), an average of +59% a year. The sharpest change came in the year to June 2020, when income rose by 298%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Invent Learning Hub sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Elevator Constructors Union Local No 1 ($3.1m), Lake Erie International High School ($3.1m) and Trident Technical College Foundation Incorporated ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $294k (9.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $1.4m, net assets of $2.0m. It reported 40 employees.