Vaughn Next Century Learning Center

Analysis

Vaughn Next Century Learning Center is a registered charity in United States, based in San Fernando, CA. It received its IRS tax-exemption ruling in December 2011, 15 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 June 2023, Vaughn Next Century Learning Center reported income of $69.8m and spending of $57.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.3m to $69.8m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vaughn Next Century Learning Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Goal Scholarship Program Inc ($69.7m), The University of Texas Texas a M Investment Management Company ($70.1m) and Benedict College ($69.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $749k (1.3% of expenses). Other salaries and wages came to $29.8m. At year end it held assets of $233.5m against liabilities of $28.1m, net assets of $205.4m. It reported 659 employees.