Core of Knowledge Literacy and Learning Center Inc

Analysis

Core of Knowledge Literacy and Learning Center Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Core of Knowledge Literacy and Learning Center Inc reported income of $140k and spending of $140k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $79k to $140k (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 69%. 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, Core of Knowledge Literacy and Learning Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within OK. Charities of a similar size with the same main cause include Sequoyah Baseball Dugout Club Inc ($140k), Grosse Pointe Red Barons South ($140k) and Encinal High School Booster Club ($140k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $8,484 against liabilities of $8,312, net assets of $172. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.