We Can Learn
EIN: 384065487 · Bloomington, MN · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $543K |
| Total Expenses | $90K |
| Net Assets | $132K |
Is We Can Learn Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About We Can Learn
We Can Learn (EIN: 384065487) is a nonprofit organization based in Bloomington, MN, classified under NTEE code T23. The organization reported total revenue of $543K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of We Can Learn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
We Can Learn is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of 37.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $90K |
| Surplus / Deficit | +$44K |
| Total Assets | $132K |
| Total Liabilities | $1 |
| Net Assets | $132K |
| Operating Margin | 32.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2024, We Can Learn reported a surplus of $44K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2019–2024), We Can Learn's revenue has grown at a compound annual growth rate (CAGR) of 37.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -92.1% | -94.6% | +49.9% |
| 2023 | +1049.7% | +1149.0% | +76.2% |
| 2022 | -92.5% | -93.1% | +42.1% |
| 2021 | +1807.0% | +1908.4% | +432.1% |
| 2020 | +275.7% | +251.5% | +658800.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for We Can Learn 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 We Can Learn 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $44K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about We Can Learn
Is We Can Learn a legitimate charity?
Based on AI analysis of IRS 990 filings, We Can Learn (EIN: 384065487) insufficient data. 0 red flags identified, 0 strengths noted.
How does We Can Learn spend its money?
Detailed spending breakdown data is not yet available for We Can Learn. Check back for updated IRS 990 analysis.
Are donations to We Can Learn tax-deductible?
We Can Learn is registered as a tax-exempt nonprofit (EIN: 384065487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is We Can Learn located?
We Can Learn is headquartered in Bloomington, Minnesota and files with the IRS under EIN 384065487. It is classified under NTEE code T23.
How many years of IRS 990 filings does We Can Learn have?
We Can Learn has 6 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 $543K in total revenue.
Filing History
IRS 990 filing history for We Can Learn showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2024), We Can Learn's revenue has grown by 389.1%, moving from $27K to $133K. Total assets increased by 13159700% over the same period, from $1 to $132K. Total functional expenses rose by 228.4%, from $27K to $90K. In its most recent filing year (2024), We Can Learn reported a surplus of $44K, with revenue exceeding expenses. The organization holds $1 in liabilities against $132K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $133K | $90K | $132K | $1 | — | View 990 |
| 2023 | $1.7M | $1.7M | $88K | $1 | — | View 990 |
| 2022 | $147K | $133K | $50K | $1 | — | View 990 |
| 2021 | $2.0M | $1.9M | $35K | $1 | — | View 990 |
| 2020 | $102K | $96K | $7K | $0 | — | View 990 |
| 2019 | $27K | $27K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $133K, expenses of $90K, and assets of $132K (revenue -92.1% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $88K (revenue +1049.7% year-over-year).
- 2022: Revenue of $147K, expenses of $133K, and assets of $50K (revenue -92.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.9M, and assets of $35K (revenue +1807.0% year-over-year).
- 2020: Revenue of $102K, expenses of $96K, and assets of $7K (revenue +275.7% year-over-year).
- 2019: Revenue of $27K, expenses of $27K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for We Can Learn:
Data Sources and Methodology
This transparency report for We Can Learn 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.