Life Source International Schools

Analysis

Life Source International Schools is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Life Source International Schools reported income of $10.4m and spending of $8.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $10.4m (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Source International Schools sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Providence Christian School of Texas ($10.4m), Gompers ($10.4m) and East Baltimore Community School ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $262k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.1m against liabilities of $3.7m, net assets of $3.4m. It reported 50 employees.