TLC Learning Center Inc

Analysis

TLC Learning Center Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TLC Learning Center Inc reported income of $4.6m and spending of $2.5m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.6m (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, TLC Learning Center Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Resources for Independent Living Inc ($4.6m), Readworks Inc ($4.6m) and Second Start Learning Disabilities Program ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $127k (5.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.3m against liabilities of $45k, net assets of $7.3m. It reported 62 employees.