Life Learning Center Inc

Analysis

Life Learning Center Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Learning Center Inc reported income of $1.8m and spending of $2.1m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Learning Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Tavon Center ($1.8m), Homecrest Community Services Inc ($1.8m) and Ministry with Community Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $165k (7.9% of expenses). Other salaries and wages came to $888k. At year end it held assets of $3.4m against liabilities of $439k, net assets of $3.0m. It reported 27 employees.