Learning Resources Network Inc
EIN: 480908569 · Manhattan, KS · NTEE: B60B
Is Learning Resources Network 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 Resources Network Inc
Learning Resources Network Inc (EIN: 480908569) is a nonprofit organization based in Manhattan, KS, classified under NTEE code B60B. The organization reported total revenue of $1.9M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Learning Resources Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Learning Resources Network Inc is a mid-size nonprofit that has been operating for 48 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$164K |
| Total Assets | $1.7M |
| Total Liabilities | $108K |
| Net Assets | $1.6M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2023, Learning Resources Network Inc reported a surplus of $164K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Learning Resources Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | -4.8% | +10.6% |
| 2022 | +2.0% | -3.4% | -12.5% |
| 2021 | -15.4% | -35.4% | -9.1% |
| 2020 | +3.5% | +29.1% | +21.4% |
| 2019 | +0.8% | +4.5% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Learning Resources Network 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 Resources Network 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 surplus of $164K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Learning Resources Network Inc
Is Learning Resources Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Learning Resources Network Inc (EIN: 480908569) insufficient data. 0 red flags identified, 0 strengths noted.
How does Learning Resources Network Inc spend its money?
Detailed spending breakdown data is not yet available for Learning Resources Network Inc. Check back for updated IRS 990 analysis.
Are donations to Learning Resources Network Inc tax-deductible?
Learning Resources Network Inc is registered as a tax-exempt nonprofit (EIN: 480908569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Learning Resources Network Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Learning Resources Network Inc's revenue has declined by 40.1%, moving from $3.1M to $1.9M. Total assets decreased by 6.6% over the same period, from $1.8M to $1.7M. Total functional expenses fell by 43.4%, from $3.0M to $1.7M. In its most recent filing year (2023), Learning Resources Network Inc reported a surplus of $164K, with revenue exceeding expenses. The organization holds $108K in liabilities against $1.7M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $1.7M | $108K | — | View 990 |
| 2022 | $2.1M | $1.8M | $1.5M | $123K | — | View 990 |
| 2021 | $2.1M | $1.9M | $1.7M | $564K | — | — |
| 2020 | $2.5M | $2.9M | $1.9M | $983K | — | View 990 |
| 2019 | $2.4M | $2.2M | $1.6M | $219K | — | View 990 |
| 2018 | $2.4M | $2.1M | $1.4M | $199K | — | View 990 |
| 2017 | $2.5M | $2.5M | $1.2M | $217K | — | View 990 |
| 2016 | $2.6M | $2.9M | $1.2M | $289K | — | View 990 |
| 2015 | $3.3M | $3.3M | $1.5M | $234K | — | View 990 |
| 2014 | $3.3M | $3.3M | $1.7M | $242K | — | View 990 |
| 2013 | $3.2M | $3.1M | $1.5M | $137K | — | View 990 |
| 2012 | $3.1M | $3.0M | $1.8M | $335K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $1.7M (revenue -11.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $1.5M (revenue +2.0% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.9M, and assets of $1.7M (revenue -15.4% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.9M, and assets of $1.9M (revenue +3.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.2M, and assets of $1.6M (revenue +0.8% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.1M, and assets of $1.4M (revenue -5.8% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.5M, and assets of $1.2M (revenue -4.2% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.9M, and assets of $1.2M (revenue -19.5% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.3M, and assets of $1.5M (revenue -2.8% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.3M, and assets of $1.7M (revenue +4.7% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.1M, and assets of $1.5M (revenue +1.6% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.0M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Learning Resources Network 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.