The Teachers Lounge Inc

Analysis

The Teachers Lounge Inc is a registered charity in United States, based in Roslindale, MA. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, The Teachers Lounge Inc reported income of $922k and spending of $636k, leaving 31% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $603k to $922k (+53%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Teachers Lounge Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Hoke County Partnership for Children & Families ($922k), Northeast Harbor Library ($922k) and Southeast Vipassana Association Inc ($922k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $99k (16% of expenses). Other salaries and wages came to $208k. At year end it held assets of $643k against liabilities of $84k, net assets of $560k. It reported 3 employees.