Schooling for Life

Analysis

Schooling for Life is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in May 2011, 15 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, Schooling for Life reported income of $536k and spending of $359k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $536k (+310%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 2414%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schooling for Life sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Little Lotus Center ($536k), Local 251 Training Fund ($536k) and Vocational Opportunities Center Northeast Texas Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m.