Multicultural Learning Center

Analysis

Multicultural Learning Center is a registered charity in United States, based in Canoga Park, CA. It received its IRS tax-exemption ruling in April 2000, 26 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, Multicultural Learning Center reported income of $9.8m and spending of $9.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $9.8m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Multicultural Learning Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Texas Association of School Business Officials ($9.8m), Charter High School of Arts Association ($9.8m) and Genesys Works ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $264k (2.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $12.0m against liabilities of $9.2m, net assets of $2.8m. It reported 105 employees.