Increase Learning Center Inc
- Assets
- $70.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reidsville, NC
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 45-0492465
Organization Overview
Increase Learning Center Inc is located in Reidsville, NC. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Increase Learning Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Increase Learning Center Inc generated $179.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $147.6k during the year ending 12/2022. While expenses have increased by 17.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,733 |
| Total Program Service Revenue | $108,761 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,494 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $128,709 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $105 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,807 |
| Total expenses | $147,621 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,157 |
| Other assets | $0 |
| Total assets | $70,793 |
| Total liabilities | $3,011 |
| Net assets or fund balances | $67,782 |