Learning Lamp Inc
Learning Lamp Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 200306745 · Johnstown, PA · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.0M |
| Total Expenses | $15.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $7.2M |
| Transparency Score | 90/100 |
Is Learning Lamp Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Learning Lamp Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Learning Lamp Inc
Learning Lamp Inc (EIN: 200306745) is a nonprofit organization based in Johnstown, PA, classified under NTEE code B80. The organization reported total revenue of $16.0M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Learning Lamp Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Learning Lamp Inc is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.6M |
| Total Expenses | $15.0M |
| Surplus / Deficit | +$564K |
| Total Assets | $9.1M |
| Total Liabilities | $1.9M |
| Net Assets | $7.2M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 20.7% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Learning Lamp Inc reported a surplus of $564K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 20.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Learning Lamp Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.9% | +9.9% | -1.0% |
| 2022 | +17.8% | +20.6% | +34.5% |
| 2021 | +53.0% | +41.3% | +33.0% |
| 2020 | -10.3% | -14.2% | +108.9% |
| 2019 | +12.7% | +9.1% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Lamp Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Learning Lamp Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $564K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $15 million. This suggests either a volunteer-led executive team or compensation structured in a way that is not reported under 'officer compensation' on the 990, potentially indicating a very lean administrative structure.
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 Lamp Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Learning Lamp Inc:
- Consistent and significant revenue growth, from $6.2 million in 2015 to $15.5 million in 2023.
- Strong asset accumulation, increasing from $1.4 million in 2015 to $9.0 million in 2023.
- Consistent generation of financial surpluses, indicating sound financial management.
- No reported officer compensation across all filings, suggesting high efficiency or unique leadership structure.
- Manageable liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about Learning Lamp Inc
Is Learning Lamp Inc a legitimate charity?
Learning Lamp Inc (EIN: 200306745) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $16.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Learning Lamp Inc spend its money?
Learning Lamp Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Learning Lamp Inc tax-deductible?
Learning Lamp Inc is registered as a tax-exempt nonprofit (EIN: 200306745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Learning Lamp Inc CEO make?
Learning Lamp Inc's highest-compensated officer earns $15 annually. The organization reported $16.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Learning Lamp Inc's spending goes to programs?
Learning Lamp Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Learning Lamp Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Learning Lamp Inc is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Learning Lamp Inc located?
Learning Lamp Inc is headquartered in Johnstown, Pennsylvania and files with the IRS under EIN 200306745. It is classified under NTEE code B80.
How many years of IRS 990 filings does Learning Lamp Inc have?
Learning Lamp Inc has 13 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 $16.0M in total revenue.
Is Learning Lamp Inc financially stable?
Yes, Learning Lamp Inc demonstrates strong financial stability with consistent revenue growth from $6.2 million in 2015 to $15.5 million in 2023, and a healthy accumulation of assets from $1.4 million to $9.0 million over the same period.
How efficient is Learning Lamp Inc's spending?
The organization appears highly efficient, consistently spending less than its revenue, leading to surpluses. The absence of reported officer compensation further suggests a strong focus on minimizing administrative costs.
What is the trend in Learning Lamp Inc's assets and liabilities?
Assets have grown significantly from $1.4 million in 2015 to $9.0 million in 2023. Liabilities have fluctuated but remained manageable, with a liability-to-asset ratio of approximately 20.7% in 2023, indicating good financial health.
Does Learning Lamp Inc compensate its officers?
Based on the provided IRS 990 data, Learning Lamp Inc consistently reports 0% officer compensation across all 13 filings, which is a notable characteristic for an organization of its scale.
Filing History
IRS 990 filing history for Learning Lamp Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Learning Lamp Inc's revenue has grown by 329.1%, moving from $3.6M to $15.6M. Total assets increased by 763.8% over the same period, from $1.1M to $9.1M. Total functional expenses rose by 323.4%, from $3.5M to $15.0M. In its most recent filing year (2023), Learning Lamp Inc reported a surplus of $564K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $9.1M in assets (debt-to-asset ratio: 20.7%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.6M | $15.0M | $9.1M | $1.9M | — | View 990 |
| 2022 | $15.9M | $13.7M | $9.2M | $2.7M | — | View 990 |
| 2021 | $13.5M | $11.3M | $6.8M | $2.4M | — | View 990 |
| 2020 | $8.8M | $8.0M | $5.1M | $2.9M | — | View 990 |
| 2019 | $9.8M | $9.3M | $2.5M | $991K | — | View 990 |
| 2018 | $8.7M | $8.6M | $1.8M | $797K | — | View 990 |
| 2017 | $7.6M | $7.6M | $1.6M | $794K | — | View 990 |
| 2016 | $7.1M | $6.9M | $1.5M | $721K | — | View 990 |
| 2015 | $6.2M | $6.2M | $1.4M | $741K | — | View 990 |
| 2014 | $5.5M | $5.4M | $1.8M | $1.1M | — | View 990 |
| 2013 | $4.5M | $4.6M | $1.4M | $790K | — | View 990 |
| 2012 | $4.1M | $4.0M | $1.4M | $773K | — | View 990 |
| 2011 | $3.6M | $3.5M | $1.1M | $590K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.6M, expenses of $15.0M, and assets of $9.1M (revenue -1.9% year-over-year).
- 2022: Revenue of $15.9M, expenses of $13.7M, and assets of $9.2M (revenue +17.8% year-over-year).
- 2021: Revenue of $13.5M, expenses of $11.3M, and assets of $6.8M (revenue +53.0% year-over-year).
- 2020: Revenue of $8.8M, expenses of $8.0M, and assets of $5.1M (revenue -10.3% year-over-year).
- 2019: Revenue of $9.8M, expenses of $9.3M, and assets of $2.5M (revenue +12.7% year-over-year).
- 2018: Revenue of $8.7M, expenses of $8.6M, and assets of $1.8M (revenue +14.2% year-over-year).
- 2017: Revenue of $7.6M, expenses of $7.6M, and assets of $1.6M (revenue +7.6% year-over-year).
- 2016: Revenue of $7.1M, expenses of $6.9M, and assets of $1.5M (revenue +13.9% year-over-year).
- 2015: Revenue of $6.2M, expenses of $6.2M, and assets of $1.4M (revenue +13.6% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.4M, and assets of $1.8M (revenue +22.0% year-over-year).
- 2013: Revenue of $4.5M, expenses of $4.6M, and assets of $1.4M (revenue +8.2% year-over-year).
- 2012: Revenue of $4.1M, expenses of $4.0M, and assets of $1.4M (revenue +14.4% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.5M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Learning Lamp Inc:
Data Sources and Methodology
This transparency report for Learning Lamp 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.