Puente Learning Center

Analysis

Puente Learning Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1994, 32 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, Puente Learning Center reported income of $7.3m and spending of $8.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $7.3m (+150%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Puente Learning Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Carolina Voyager Charter School ($7.3m), Alliance Community Schools Inc ($7.3m) and Shasta View Academy Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $676k (8.3% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $32.3m against liabilities of $1.5m, net assets of $30.8m. It reported 84 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.