Academy for the Love of Learning Inc

Analysis

Academy for the Love of Learning Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 1999, 27 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 December 2023, Academy for the Love of Learning Inc reported income of $464k and spending of $2.9m, spending 616% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $464k (-74%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 239%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy for the Love of Learning 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 Reach Memphis ($464k), Milton High School Band Booster Club Inc ($464k) and Excellence in Education Foundation ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $479k (17% of expenses). Other salaries and wages came to $341k. At year end it held assets of $26.3m against liabilities of $96k, net assets of $26.2m. It reported 17 employees.