Family Learning Center Inc

Analysis

Family Learning Center Inc is a registered charity in United States, based in Espanola, NM. It received its IRS tax-exemption ruling in May 1981, 45 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, Family Learning Center Inc reported income of $456k and spending of $446k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $406k to $456k (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Learning Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within NM. Charities of a similar size with the same main cause include TBP Panola Project Inc ($456k), Ohu Gift Foundation ($456k) and Long Beach City College Auxiliary Inc ($456k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $44k (9.8% of expenses). Other salaries and wages came to $256k. At year end it held assets of $466k against liabilities of $212k, net assets of $255k. It reported 19 employees.