Learning Enrichment After School Program Inc
Learning Enrichment After School Program Inc consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 201734414 · Lake Balboa, CA · NTEE: B90 · Updated: 2026-03-28
Is Learning Enrichment After School Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Learning Enrichment After School Program Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Learning Enrichment After School Program Inc
Learning Enrichment After School Program Inc (EIN: 201734414) is a nonprofit organization based in Lake Balboa, CA, classified under NTEE code B90. The organization reported total revenue of $2.6M and total assets of $893K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Learning Enrichment After School Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Learning Enrichment After School Program Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-151,020 |
| Total Assets | $971K |
| Total Liabilities | $827K |
| Net Assets | $144K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 85.2% |
| Months of Reserves | 4.8 months |
Financial Health Grade: C
In 2023, Learning Enrichment After School Program Inc reported a deficit of $151K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 85.2% (high leverage).
Financial Trends
Over 14 years of filings (2009–2023), Learning Enrichment After School Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +14.6% | -0.8% |
| 2022 | +1.2% | +3.0% | +4.1% |
| 2021 | -31.6% | -34.6% | +12.9% |
| 2020 | -13.5% | -15.7% | +35.1% |
| 2019 | +5.0% | +3.5% | -29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Learning Enrichment After School Program Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Learning Enrichment After School Program Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $151K, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with revenues exceeding $2 million annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Learning Enrichment After School Program Inc's IRS 990 filings:
- Recurring operational deficits in multiple years (e.g., 2023, 2019, 2018, 2015) where expenses exceeded revenues, which could impact long-term sustainability if not managed effectively.
Strengths
The following positive indicators were identified for Learning Enrichment After School Program Inc:
- Consistent 0% officer compensation reported across all filings, indicating a strong commitment to program spending and efficiency.
- Strong program spending ratio, estimated at 90%, suggesting most funds directly support the mission.
- Consistent IRS 990 filing history over 14 periods, demonstrating transparency and compliance.
- Significant growth in assets from $96,523 in 2015 to $971,471 in 2023, indicating financial stability and growth.
Frequently Asked Questions about Learning Enrichment After School Program Inc
Is Learning Enrichment After School Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Learning Enrichment After School Program Inc (EIN: 201734414) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Learning Enrichment After School Program Inc spend its money?
Learning Enrichment After School Program Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Learning Enrichment After School Program Inc tax-deductible?
Learning Enrichment After School Program Inc is registered as a tax-exempt nonprofit (EIN: 201734414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Learning Enrichment After School Program Inc a good charity?
Based on the available IRS 990 data, Learning Enrichment After School Program Inc appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its consistent filing history also points to good governance and transparency.
How does Learning Enrichment After School Program Inc manage its operational deficits?
The organization has experienced operational deficits in several years (e.g., 2023, 2019, 2018, 2015) where expenses exceeded revenues. While the filings don't detail how these are covered, the growth in assets from $96,523 in 2015 to $971,471 in 2023 suggests that accumulated reserves or other funding sources are used to manage these shortfalls.
What is the long-term trend of the organization's financial health?
Over the long term, the organization has shown significant growth in assets, from $96,523 in 2015 to $971,471 in 2023, and generally stable to increasing revenues, despite some year-to-year fluctuations and occasional operational deficits. This indicates a generally healthy and growing financial position.
Filing History
IRS 990 filing history for Learning Enrichment After School Program Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Learning Enrichment After School Program Inc's revenue has grown by 348.2%, moving from $506K to $2.3M. Total assets increased by 5391.6% over the same period, from $18K to $971K. Total functional expenses rose by 372.6%, from $512K to $2.4M. In its most recent filing year (2023), Learning Enrichment After School Program Inc reported a deficit of $151K, with expenses exceeding revenue. The organization holds $827K in liabilities against $971K in assets (debt-to-asset ratio: 85.2%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.4M | $971K | $827K | — | — |
| 2022 | $2.2M | $2.1M | $980K | $684K | — | View 990 |
| 2021 | $2.2M | $2.1M | $941K | $742K | — | View 990 |
| 2020 | $3.2M | $3.1M | $834K | $767K | — | View 990 |
| 2019 | $3.7M | $3.7M | $617K | $603K | — | View 990 |
| 2018 | $3.5M | $3.6M | $873K | $935K | — | View 990 |
| 2017 | $2.9M | $2.9M | $702K | $584K | — | View 990 |
| 2016 | $1.2M | $1.2M | $471K | $402K | — | — |
| 2015 | $1.3M | $1.4M | $97K | $61K | — | View 990 |
| 2014 | $1.8M | $1.8M | $256K | $30K | — | View 990 |
| 2013 | $1.7M | $1.5M | $344K | $111K | — | View 990 |
| 2012 | $1.2M | $1.2M | $41K | $43K | — | View 990 |
| 2011 | $988K | $959K | $31K | $10K | — | View 990 |
| 2009 | $506K | $512K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.4M, and assets of $971K (revenue +2.8% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $980K (revenue +1.2% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $941K (revenue -31.6% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.1M, and assets of $834K (revenue -13.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.7M, and assets of $617K (revenue +5.0% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.6M, and assets of $873K (revenue +20.0% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $702K (revenue +134.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $471K (revenue -6.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $97K (revenue -27.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $256K (revenue +5.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.5M, and assets of $344K (revenue +50.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $41K (revenue +17.4% year-over-year).
- 2011: Revenue of $988K, expenses of $959K, and assets of $31K (revenue +95.0% year-over-year).
- 2009: Revenue of $506K, expenses of $512K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Learning Enrichment After School Program Inc:
Data Sources and Methodology
This transparency report for Learning Enrichment After School Program 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.