Life Enrichment Center of Norfolk

Analysis

Life Enrichment Center of Norfolk is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Enrichment Center of Norfolk reported income of $312k and spending of $297k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $312k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Enrichment Center of Norfolk sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include The Oregon College of Community Accupuncture ($312k), East Valley Institute of Technology Education Foundation Inc ($312k) and Our Kids Read Association ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $78k (26% of expenses). Other salaries and wages came to $34k. At year end it held assets of $270k against liabilities of $9,034, net assets of $261k. It reported 3 employees.