Lifelong Learners GTX

Analysis

Lifelong Learners GTX is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in April 1999, 27 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 December 2023, Lifelong Learners GTX reported income of $76k and spending of $84k, spending 110% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $80k to $76k (-4.9%), an average of -2.5% a year. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifelong Learners GTX sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Retired United States Marshals Association ($76k), Impact USA ($76k) and Noahs Ark Christian Preschool Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.