Learning Community Inc
EIN: 462625575 · Fort Wayne, IN · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Net Assets | $-165,871 |
Is Learning Community Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Learning Community Inc
Learning Community Inc (EIN: 462625575) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code B21. The organization reported total revenue of $1.0M and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Learning Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Learning Community Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $725K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-342,580 |
| Total Assets | $86K |
| Total Liabilities | $252K |
| Net Assets | $-165,871 |
| Operating Margin | -47.3% |
| Debt-to-Asset Ratio | 293.7% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Learning Community Inc reported a deficit of $343K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 293.7% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Learning Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.8% | +0.0% | -77.2% |
| 2022 | -19.5% | +7.3% | -11.6% |
| 2021 | +55.9% | +12.6% | +329.3% |
| 2020 | -9.0% | -2.3% | +42.4% |
| 2019 | -4.9% | +1.5% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Learning Community Inc 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 Learning Community Inc 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 $343K, with expenses exceeding revenue.
- Debt-to-asset ratio: 293.7%.
Frequently Asked Questions about Learning Community Inc
Is Learning Community Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Learning Community Inc (EIN: 462625575) insufficient data. 0 red flags identified, 0 strengths noted.
How does Learning Community Inc spend its money?
Detailed spending breakdown data is not yet available for Learning Community Inc. Check back for updated IRS 990 analysis.
Are donations to Learning Community Inc tax-deductible?
Learning Community Inc is registered as a tax-exempt nonprofit (EIN: 462625575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Learning Community Inc located?
Learning Community Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 462625575. It is classified under NTEE code B21.
How many years of IRS 990 filings does Learning Community Inc have?
Learning Community Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Filing History
IRS 990 filing history for Learning Community Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Learning Community Inc's revenue has grown by 277.4%, moving from $192K to $725K. Total assets increased by 3621.4% over the same period, from $2K to $86K. Total functional expenses rose by 462.5%, from $190K to $1.1M. In its most recent filing year (2023), Learning Community Inc reported a deficit of $343K, with expenses exceeding revenue. The organization holds $252K in liabilities against $86K in assets (debt-to-asset ratio: 293.7%), resulting in net assets of $-165,871.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $725K | $1.1M | $86K | $252K | — | View 990 |
| 2022 | $1.0M | $1.1M | $376K | $200K | — | — |
| 2021 | $1.3M | $995K | $426K | $200K | — | View 990 |
| 2020 | $811K | $883K | $99K | $142K | — | View 990 |
| 2019 | $891K | $904K | $70K | $41K | — | View 990 |
| 2018 | $937K | $890K | $78K | $37K | — | View 990 |
| 2017 | $874K | $868K | $50K | $56K | — | View 990 |
| 2016 | $815K | $820K | $59K | $70K | — | View 990 |
| 2015 | $762K | $822K | $73K | $80K | — | View 990 |
| 2014 | $861K | $810K | $53K | $0 | — | View 990 |
| 2013 | $192K | $190K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $725K, expenses of $1.1M, and assets of $86K (revenue -28.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.1M, and assets of $376K (revenue -19.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $995K, and assets of $426K (revenue +55.9% year-over-year).
- 2020: Revenue of $811K, expenses of $883K, and assets of $99K (revenue -9.0% year-over-year).
- 2019: Revenue of $891K, expenses of $904K, and assets of $70K (revenue -4.9% year-over-year).
- 2018: Revenue of $937K, expenses of $890K, and assets of $78K (revenue +7.2% year-over-year).
- 2017: Revenue of $874K, expenses of $868K, and assets of $50K (revenue +7.2% year-over-year).
- 2016: Revenue of $815K, expenses of $820K, and assets of $59K (revenue +7.0% year-over-year).
- 2015: Revenue of $762K, expenses of $822K, and assets of $73K (revenue -11.6% year-over-year).
- 2014: Revenue of $861K, expenses of $810K, and assets of $53K (revenue +348.4% year-over-year).
- 2013: Revenue of $192K, expenses of $190K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Learning Community Inc:
Data Sources and Methodology
This transparency report for Learning Community Inc 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.