Lrlean Inc

Analysis

Lrlean Inc is a registered charity in United States, based in Fayette, AL. It received its IRS tax-exemption ruling in August 2012, 14 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, Lrlean Inc reported income of $263k and spending of $251k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $323k to $263k (-18%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lrlean Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include Mira Mesa High School Foundation Inc ($263k), Sherwood High School Band Booster Club ($263k) and Rhode Island League of Charter Schools ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (37% of expenses). Other salaries and wages came to $52k. At year end it held assets of $65k against liabilities of $1,903, net assets of $63k. It reported 4 employees.