Lifelong Learning Corporation

Analysis

Lifelong Learning Corporation is a registered charity in United States, based in Weatogue, CT. It received its IRS tax-exemption ruling in February 2005, 21 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 Learning Corporation reported income of $565k and spending of $618k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $565k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifelong Learning Corporation 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 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Pittsburgh Independent Catholic Academy Foundation ($565k), Our Community Place ($565k) and Maple Community Development Corporation ($565k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.8m.