Verano Learning Partners

Analysis

Verano Learning Partners is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in December 2003, 23 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, Verano Learning Partners reported income of $5.0m and spending of $4.5m, spending 90% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.0m (+241%), an average of +50% a year. The sharpest change came in the year to June 2020, when income rose by 77%. Over the whole period it spent 141% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Verano Learning Partners sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Hellenic American University Inc ($5.0m), Highbridge Facilities LLC ($5.0m) and Ben Yehuda Academy ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $97k (2.2% of expenses). Other salaries and wages came to $835k. At year end it held assets of $49.2m against liabilities of $8.2m, net assets of $41.0m. It reported 7 employees.