Precious Ones Learning Center Inc

Analysis

Precious Ones Learning Center Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2021, Precious Ones Learning Center Inc reported income of $516k and spending of $506k, spending 98% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $211k to $516k (+145%), an average of +145% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Precious Ones Learning Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KS. Charities of a similar size with the same main cause include Retina Research & Development Foundation ($516k), Way Out Ministries Inc ($516k) and Bethlehem Redevelopment Assoc ($516k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $370k. At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 40 employees.