US Learning Corporation

Analysis

US Learning Corporation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, US Learning Corporation reported income of $4.9m and spending of $4.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $4.9m (+264%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, US Learning Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Midland Classical Academy ($4.9m), Daytona State College Foundation Inc ($4.9m) and Charlotte Mecklenburg Library Foundation ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5,400 (0.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.9m against liabilities of $4.5m, net assets of -$1.6m. It reported 34 employees.