Learningspring School
Learningspring School maintains stable operations with substantial assets and no reported officer compensation.
EIN: 10603628 · New York, NY · NTEE: B28 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $13.9M |
| Total Expenses | $9.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $43.6M |
| Transparency Score | 85/100 |
Is Learningspring School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Learningspring School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Learningspring School
Learningspring School (EIN: 10603628) is a nonprofit organization based in New York, NY, classified under NTEE code B28. The organization reported total revenue of $13.9M and total assets of $44.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Learningspring School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Learningspring School is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $9.0M |
| Surplus / Deficit | $-462,677 |
| Total Assets | $43.8M |
| Total Liabilities | $214K |
| Net Assets | $43.6M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 58.5 months |
Financial Health Grade: B
In 2023, Learningspring School reported a deficit of $463K with expenses exceeding revenue, holds 58.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Learningspring School's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | +7.7% | +0.0% |
| 2022 | +5.7% | +3.6% | -6.1% |
| 2021 | -2.3% | +1.2% | +4.2% |
| 2020 | +4.6% | +3.6% | -1.1% |
| 2019 | +11.6% | +1.7% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Learningspring School with a Mission Score of 85 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, Learningspring School 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 deficit of $463K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, which is unusual for an organization of this size with revenues exceeding $8 million. This could indicate that executive leadership is entirely volunteer-based or that compensation is categorized differently, requiring deeper scrutiny of the full 990 forms for complete understanding.
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 Learningspring School's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Learningspring School:
- Strong asset base of $43,778,640 providing significant financial stability.
- Very low liabilities ($214,101 in 202306) relative to assets, indicating minimal debt burden.
- Consistent operational history and growth in revenue and expenses over a decade.
- Stable financial position with assets significantly exceeding annual expenses.
Frequently Asked Questions about Learningspring School
Is Learningspring School a legitimate charity?
Based on AI analysis of IRS 990 filings, Learningspring School (EIN: 10603628) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Learningspring School spend its money?
Learningspring School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Learningspring School tax-deductible?
Learningspring School is registered as a tax-exempt nonprofit (EIN: 10603628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Learningspring School CEO make?
Learningspring School's highest-compensated officer earns $8 annually. The organization reported $13.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Learningspring School's spending goes to programs?
Learningspring School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Learningspring School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Learningspring School is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Learningspring School located?
Learningspring School is headquartered in New York, New York and files with the IRS under EIN 10603628. It is classified under NTEE code B28.
How many years of IRS 990 filings does Learningspring School have?
Learningspring School 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 $13.9M in total revenue.
Is Learningspring School financially stable?
Yes, Learningspring School appears financially stable. While the 202306 period showed a slight deficit ($8,524,512 revenue vs. $8,987,189 expenses), its assets of $43,778,640 significantly outweigh its liabilities of $214,101, indicating a strong balance sheet.
What is the trend in Learningspring School's revenue and expenses?
Over the past decade, Learningspring School has shown a gradual increase in both revenue and expenses, from $5,682,878 revenue and $6,607,872 expenses in 201406 to $8,524,512 revenue and $8,987,189 expenses in 202306, indicating consistent growth in its operational scale.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It suggests either a volunteer leadership model or that executive compensation is reported under other expense categories, which would require reviewing the full IRS 990 forms for detailed breakdowns.
Filing History
IRS 990 filing history for Learningspring School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Learningspring School's revenue has grown by 59.8%, moving from $5.3M to $8.5M. Total assets increased by 899.6% over the same period, from $4.4M to $43.8M. Total functional expenses rose by 110%, from $4.3M to $9.0M. In its most recent filing year (2023), Learningspring School reported a deficit of $463K, with expenses exceeding revenue. The organization holds $214K in liabilities against $43.8M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $43.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $9.0M | $43.8M | $214K | — | View 990 |
| 2022 | $8.4M | $8.3M | $43.8M | $213K | — | View 990 |
| 2021 | $7.9M | $8.1M | $46.6M | $186K | — | View 990 |
| 2020 | $8.1M | $8.0M | $44.7M | $162K | — | View 990 |
| 2019 | $7.8M | $7.7M | $45.2M | $275K | — | View 990 |
| 2018 | $7.0M | $7.6M | $45.4M | $333K | — | View 990 |
| 2017 | $6.7M | $7.2M | $45.7M | $240K | — | View 990 |
| 2016 | $6.5M | $7.1M | $46.0M | $211K | — | View 990 |
| 2015 | $6.1M | $6.9M | $46.9M | $227K | — | View 990 |
| 2014 | $5.7M | $6.6M | $47.7M | $232K | — | View 990 |
| 2013 | $49.2M | $5.3M | $48.5M | $339K | — | View 990 |
| 2012 | $5.1M | $4.8M | $4.6M | $339K | — | View 990 |
| 2011 | $5.3M | $4.3M | $4.4M | $363K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $9.0M, and assets of $43.8M (revenue +1.8% year-over-year).
- 2022: Revenue of $8.4M, expenses of $8.3M, and assets of $43.8M (revenue +5.7% year-over-year).
- 2021: Revenue of $7.9M, expenses of $8.1M, and assets of $46.6M (revenue -2.3% year-over-year).
- 2020: Revenue of $8.1M, expenses of $8.0M, and assets of $44.7M (revenue +4.6% year-over-year).
- 2019: Revenue of $7.8M, expenses of $7.7M, and assets of $45.2M (revenue +11.6% year-over-year).
- 2018: Revenue of $7.0M, expenses of $7.6M, and assets of $45.4M (revenue +4.2% year-over-year).
- 2017: Revenue of $6.7M, expenses of $7.2M, and assets of $45.7M (revenue +3.2% year-over-year).
- 2016: Revenue of $6.5M, expenses of $7.1M, and assets of $46.0M (revenue +5.6% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.9M, and assets of $46.9M (revenue +7.7% year-over-year).
- 2014: Revenue of $5.7M, expenses of $6.6M, and assets of $47.7M (revenue -88.4% year-over-year).
- 2013: Revenue of $49.2M, expenses of $5.3M, and assets of $48.5M (revenue +862.9% year-over-year).
- 2012: Revenue of $5.1M, expenses of $4.8M, and assets of $4.6M (revenue -4.2% year-over-year).
- 2011: Revenue of $5.3M, expenses of $4.3M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Learningspring School:
Data Sources and Methodology
This transparency report for Learningspring School 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.