Learning Avenues Child Care Centers

Analysis

Learning Avenues Child Care Centers is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 June 2023, Learning Avenues Child Care Centers reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $762k to $1.2m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Avenues Child Care Centers sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Museo de Las Americas Inc ($1.2m), Shaver Lake Civic League Inc ($1.2m) and Piedmont Court Apointed Special Advocates Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $54k (5.0% of expenses). Other salaries and wages came to $552k. At year end it held assets of $1.1m against liabilities of $53k, net assets of $1.1m. It reported 19 employees.