Learning Source

Analysis

Learning Source is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1968, 58 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, Learning Source reported income of $3.8m and spending of $3.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.8m (+96%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Source sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include New Mexico Pipe Trades Joint Apprenticeship Fund ($3.8m), Adsi ($3.8m) and Parent Possible ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $3.2m against liabilities of $1.0m, net assets of $2.2m.