Learngrowshare EIN 81-4611423

Learngrowshare FY2023 filing

EIN  81-4611423 Public charity (501(c)(3)) Palo Alto, CA Founded 2016
Form 990 (PDF)
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Size
<$100K
What they do
Empowering local youth through education and well-being initiatives to reach their full potential.
Leadership
Mukul Agarwal · Director
Money in and out
$11K revenue, $231K expenses
Bottom line
100% program efficiency

Empowering local youth through education and well-being initiatives to reach their full potential. For fiscal year 2023 it reported $11K in revenue, $231K in expenses, and $754K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$11K
Pt VIII · Ln 12
Total expenses
$231K
Pt IX · Ln 25
Net assets
$754K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$220K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
39.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1926%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$11K
FY2023▼ -95%
Expenses
$231K
FY2023▲ +84%
Total assets
$765K
FY2023▼ -7%
Total liabilities
$11K
FY2023▼ -63%
Total revenue
$11K
Pt VIII · Ln 12
Total expenses
$231K
Pt IX · Ln 25
Net assets
$754K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$220K
Total assetsPt X · Ln 16$765K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $226K of program spending, described in the organization's own filed words · FY2023.
01

Funds to a meditation center as a loan.

$140Kprogram expense
02

Secure a space for the NGO.

$80Kprogram expense
03

Organize retreats.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearngrowshare
EINHdr · item D81-4611423
Principal addressHdr · item CPalo Alto, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2016
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFDec 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$9K · 77%
Investment income$3K · 23%
Contributions & grants77%$9K
Investment income23%$3K
Total revenueLn 12$11K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$231K
Total functional expensesLn 25$231K

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$765K
Total liabilitiesLn 26$11K
Total net assetsLn 32$754K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $754K · Operating expenses/yr $231K
39.1 months
Where the money goes
Program services
Program services $231K · Total expenses $231K
100%
Management & General
Management & general $0 · Total expenses $231K
0%
Fundraising
Fundraising $0 · Total expenses $231K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $83K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $11K
77%
Government reliance
Government grants $0 · Total revenue $11K
0%
Earned-income share
Program service revenue $0 · Total revenue $11K
0%
Investment reliance
Investment income $3K · Total revenue $11K
+23%
Program self-sufficiency
Program service revenue $0 · Total expenses $231K
0%
Growth & trend
Revenue growth (YoY)
This year $11K · Prior year $224K
-95%
Net-asset trend (YoY)
End of year $754K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11K · Expenses $231K
-1926%
Liabilities-to-Assets
Total liabilities — · Total assets $765K
Net-asset ratio
Net assets $754K · Total assets $765K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $741K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $765K
97%
People & payroll
Highest Reported Total Compensation
Individual Mukul Agarwal · Reported title Director · Highest reported compensation $0 · Total expenses $231K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $231K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -95%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $217K · 2021–2023
UsfCA · FY2022$39,640
Unitemized GrantFY2021$47,441

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$11K revenue · ⤓ 990 PDF
FY2024$39K revenue · ⤓ 990 PDF
FY2023$11K revenue · viewing · ⤓ 990 PDF
FY2022$224K revenue · ⤓ 990 PDF
FY2021$35K revenue · ⤓ 990 PDF
FY2020$825K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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