Academy of Lifelong Learning of Cape Cod Inc

Analysis

Academy of Lifelong Learning of Cape Cod Inc is a registered charity in United States, based in W Barnstable, MA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Academy of Lifelong Learning of Cape Cod Inc reported income of $86k and spending of $120k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $131k to $86k (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 45%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Lifelong Learning of Cape Cod Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Virtual Aviation of Minnesota ($86k), Middletown Village Pfa Inc ($86k) and Grassfield Orchestra Parents Association ($86k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 92% of the total. At year end it held assets of $285k against liabilities of $41k, net assets of $244k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.