Purpose Learning Lab the Premier Drop-In Studio

Analysis

Purpose Learning Lab the Premier Drop-In Studio is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Purpose Learning Lab the Premier Drop-In Studio reported income of $208k and spending of $201k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $208k (+13%), an average of +13% a year. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Purpose Learning Lab the Premier Drop-In Studio 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 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Day Dreams Foundation ($208k), Child Wellness Institute Inc ($208k) and Shaka Franklin Foundation for Youth ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (14% of expenses). Other salaries and wages came to $49k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 3 employees.