Center for Living and Learning

Analysis

Center for Living and Learning is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Center for Living and Learning reported income of $2.5m and spending of $2.1m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $967k to $2.5m (+156%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Living and Learning sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Career Wardrobe ($2.5m), Yblc Inc ($2.5m) and African American Credit Union Coalition ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $119k (5.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.6m against liabilities of $465k, net assets of $2.1m. It reported 114 employees.