Lessons for Life

Analysis

Lessons for Life is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lessons for Life reported income of $203k and spending of $171k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $200k to $203k (+1.7%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lessons for Life sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AR. Charities of a similar size with the same main cause include Phyllis Wheatley Young Womens Christian Association ($203k), Friends of the Clovis Senior Activity Center ($204k) and Doylestown Area Fish ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $82k (48% of expenses). At year end it held assets of $160k against liabilities of $2,947, net assets of $157k. It reported 1 employees.