Learning Express Academy Inc
Learning Express Academy Inc. consistently operates at a deficit with high liabilities relative to assets.
EIN: 203987670 · Newark, DE · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $631K |
| Total Expenses | $650K |
| Program Spending | 80% |
| Net Assets | $-181,906 |
| Transparency Score | 60/100 |
Is Learning Express Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Learning Express Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Learning Express Academy Inc
Learning Express Academy Inc (EIN: 203987670) is a nonprofit organization based in Newark, DE, classified under NTEE code B20. The organization reported total revenue of $631K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Learning Express Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Learning Express Academy Inc is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2015–2021). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $631K |
| Total Expenses | $650K |
| Surplus / Deficit | $-18,704 |
| Total Assets | $39K |
| Total Liabilities | $221K |
| Net Assets | $-181,906 |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 566.3% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2021, Learning Express Academy Inc reported a deficit of $19K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 566.3% (high leverage).
Financial Trends
Over 7 years of filings (2015–2021), Learning Express Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +12.5% | +4.7% | -41.3% |
| 2020 | -4.2% | +4.1% | +59.8% |
| 2019 | -3.8% | -2.1% | -9.7% |
| 2018 | +9.0% | -5.3% | -11.7% |
| 2017 | -19.3% | +5.2% | -62.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
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 Express Academy Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Learning Express Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 566.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is unusual for an organization of its revenue size and suggests a reliance on volunteer leadership or alternative compensation structures.
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 Express Academy Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $18,704 deficit in 2021)
- Liabilities significantly exceed assets (e.g., $220,920 liabilities vs. $39,014 assets in 2021)
- Declining asset base in recent years (e.g., $66,515 in 2020 to $39,014 in 2021)
Strengths
The following positive indicators were identified for Learning Express Academy Inc:
- Consistent IRS 990 filing history (7 filings)
- Reported 0% officer compensation across all periods
- Consistent revenue generation over $550,000 annually
Frequently Asked Questions about Learning Express Academy Inc
Is Learning Express Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Learning Express Academy Inc (EIN: 203987670) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Learning Express Academy Inc spend its money?
Learning Express Academy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Learning Express Academy Inc tax-deductible?
Learning Express Academy Inc is registered as a tax-exempt nonprofit (EIN: 203987670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Learning Express Academy Inc's spending goes to programs?
Learning Express Academy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Learning Express Academy Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Learning Express Academy Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Learning Express Academy Inc located?
Learning Express Academy Inc is headquartered in Newark, Delaware and files with the IRS under EIN 203987670. It is classified under NTEE code B20.
How many years of IRS 990 filings does Learning Express Academy Inc have?
Learning Express Academy Inc has 7 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 $631K in total revenue.
Is Learning Express Academy Inc. financially stable?
Based on the provided data, Learning Express Academy Inc. shows signs of financial instability, frequently operating at a deficit (e.g., $650,069 expenses vs. $631,365 revenue in 2021) and consistently having liabilities significantly higher than its assets (e.g., $220,920 liabilities vs. $39,014 assets in 2021).
How does Learning Express Academy Inc. fund its operations given the deficits?
The consistent deficits suggest the organization may be drawing down on reserves (though assets are low), relying on short-term credit, or receiving unrestricted grants/donations that are not fully covering operational costs, leading to an accumulation of liabilities.
What is the impact of 0% officer compensation?
A 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, which can be a positive for donor perception but might also raise questions about sustainability of leadership.
Filing History
IRS 990 filing history for Learning Express Academy Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2021), Learning Express Academy Inc's revenue has grown by 3.1%, moving from $612K to $631K. Total assets decreased by 18.7% over the same period, from $48K to $39K. Total functional expenses rose by 9.5%, from $594K to $650K. In its most recent filing year (2021), Learning Express Academy Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $221K in liabilities against $39K in assets (debt-to-asset ratio: 566.3%), resulting in net assets of $-181,906.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $631K | $650K | $39K | $221K | — | — |
| 2020 | $561K | $621K | $67K | $230K | — | — |
| 2019 | $586K | $596K | $42K | $145K | — | View 990 |
| 2018 | $609K | $609K | $46K | $139K | — | View 990 |
| 2017 | $559K | $644K | $52K | $145K | — | — |
| 2016 | $693K | $612K | $139K | $147K | — | View 990 |
| 2015 | $612K | $594K | $48K | $137K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $631K, expenses of $650K, and assets of $39K (revenue +12.5% year-over-year).
- 2020: Revenue of $561K, expenses of $621K, and assets of $67K (revenue -4.2% year-over-year).
- 2019: Revenue of $586K, expenses of $596K, and assets of $42K (revenue -3.8% year-over-year).
- 2018: Revenue of $609K, expenses of $609K, and assets of $46K (revenue +9.0% year-over-year).
- 2017: Revenue of $559K, expenses of $644K, and assets of $52K (revenue -19.3% year-over-year).
- 2016: Revenue of $693K, expenses of $612K, and assets of $139K (revenue +13.2% year-over-year).
- 2015: Revenue of $612K, expenses of $594K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Learning Express Academy Inc:
Data Sources and Methodology
This transparency report for Learning Express Academy 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.