Key Learning Center
EIN: 461603644 · Asheville, NC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $309K |
| Total Expenses | $204K |
| Net Assets | $48K |
Is Key Learning Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Key Learning Center
Key Learning Center (EIN: 461603644) is a nonprofit organization based in Asheville, NC, classified under NTEE code O50. The organization reported total revenue of $309K and total assets of $232K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Key Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Key Learning Center is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $204K |
| Surplus / Deficit | $-44,041 |
| Total Assets | $110K |
| Total Liabilities | $62K |
| Net Assets | $48K |
| Operating Margin | -27.5% |
| Debt-to-Asset Ratio | 56.7% |
| Months of Reserves | 6.5 months |
Financial Health Grade: C
In 2023, Key Learning Center reported a deficit of $44K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 56.7% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +248.1% | +18.4% |
| 2022 | +470.3% | +469.1% | +216.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Key Learning Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Key Learning Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.7%.
Frequently Asked Questions about Key Learning Center
Is Key Learning Center a legitimate charity?
Key Learning Center (EIN: 461603644) is a registered tax-exempt nonprofit based in North Carolina. It has 4 years of IRS 990 filings on record. Total revenue: $309K. No red flags identified. Financial health grade: C.
How does Key Learning Center spend its money?
Key Learning Center reported $309K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Key Learning Center tax-deductible?
Key Learning Center is registered as a tax-exempt nonprofit (EIN: 461603644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Key Learning Center located?
Key Learning Center is headquartered in Asheville, North Carolina and files with the IRS under EIN 461603644. It is classified under NTEE code O50.
How many years of IRS 990 filings does Key Learning Center have?
Key Learning Center has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $309K in total revenue.
Filing History
IRS 990 filing history for Key Learning Center showing financial trends over 4 years of public records:
Total assets increased by 1563.3% over the same period, from $7K to $110K. Total functional expenses rose by 45315.8%, from $450 to $204K. In its most recent filing year (2023), Key Learning Center reported a deficit of $44K, with expenses exceeding revenue. The organization holds $62K in liabilities against $110K in assets (debt-to-asset ratio: 56.7%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $204K | $110K | $62K | — | View 990 |
| 2022 | $131K | $59K | $93K | $1K | — | View 990 |
| 2021 | $23K | $10K | $29K | $10K | — | — |
| 2020 | $0 | $450 | $7K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $204K, and assets of $110K (revenue +22.2% year-over-year).
- 2022: Revenue of $131K, expenses of $59K, and assets of $93K (revenue +470.3% year-over-year).
- 2021: Revenue of $23K, expenses of $10K, and assets of $29K.
- 2020: Revenue of $0, expenses of $450, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Key Learning Center:
Data Sources and Methodology
This transparency report for Key Learning Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.