The Learning Circle Daycare

Analysis

The Learning Circle Daycare is a registered charity in United States, based in Kirtland, NM. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Learning Circle Daycare reported income of $971k and spending of $959k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $971k (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Learning Circle Daycare sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within NM. Charities of a similar size with the same main cause include Good News Outreach Inc ($971k), Walk with Sally ($971k) and Fresh Start Outreach Ministries ($971k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Other salaries and wages came to $570k. At year end it held assets of $684k against liabilities of $71k, net assets of $613k. It reported 42 employees.