Ludic Spectrum Center Inc

Analysis

Ludic Spectrum Center Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in June 2020, 6 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 July 2024, Ludic Spectrum Center Inc reported income of $297k and spending of $249k, spending 84% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $221k to $297k (+34%), an average of +7.6% a year. The sharpest change came in the year to July 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ludic Spectrum Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Dartmouth Dragon Foundation Inc ($297k), Orcas Montessori School Inc ($297k) and Ibtta Foundation ($297k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $52k (21% of expenses). Other salaries and wages came to $121k. At year end it held assets of $78k against liabilities of $33k, net assets of $46k. It reported 10 employees.