Lifeline Education Charter School I Inc

Analysis

Lifeline Education Charter School I Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2003, 23 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, Lifeline Education Charter School I Inc reported income of $16.7m and spending of $15.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $16.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifeline Education Charter School I Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Lindley Academy Charter School at Birney ($16.7m), Geo Academies Ebr ($16.7m) and Whitby School Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $183k (1.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $47.1m against liabilities of $31.0m, net assets of $16.1m. It reported 108 employees.