Life Adjustment Center Inc

Analysis

Life Adjustment Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1991, 35 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, Life Adjustment Center Inc reported income of $12.7m and spending of $12.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $12.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Adjustment Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Cesar Chavez Public Charter Schools for Public Policy ($12.7m), A Plus Education Partnership ($12.7m) and Watkinson School ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $6.7m. At year end it held assets of $8.8m against liabilities of $4.7m, net assets of $4.1m. It reported 183 employees.