Foundation of Trustees for the Family Learning Center

Analysis

Foundation of Trustees for the Family Learning Center is a registered charity in United States, based in Edwards, CO. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation of Trustees for the Family Learning Center reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation of Trustees for the Family Learning Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Family Services of Davidson County Inc ($1.5m), Golden Corner Food Pantry ($1.5m) and Independence Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $84k (5.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $466k against liabilities of $1,410, net assets of $465k. It reported 49 employees.