Gorman Learning Center Inc

Analysis

Gorman Learning Center Inc is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2023, Gorman Learning Center Inc reported income of $35.4m and spending of $34.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.8m to $35.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gorman Learning Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include The Journey Foundation ($35.4m), Saint-Mary-Of-The-Woods College ($35.4m) and Leap Academy Charter School ($35.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $462k (1.4% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $22.2m against liabilities of $9.0m, net assets of $13.2m. It reported 317 employees.