The Attic Learning Community

Analysis

The Attic Learning Community is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in March 2002, 24 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 July 2023, The Attic Learning Community reported income of $1.6m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.2m to $1.6m (-24%), an average of -6.5% a year. The sharpest change came in the year to July 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Attic Learning Community sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Yeshivat Shalshelet ($1.6m), Clarke School for Hearing and Speech Florida Inc ($1.6m) and Computers 2 SD Kids ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $113k (6.4% of expenses). Other salaries and wages came to $802k. At year end it held assets of $4.4m against liabilities of $2.1m, net assets of $2.4m. It reported 34 employees.