Adventurers Academy of Lifelong Learning

Analysis

Adventurers Academy of Lifelong Learning is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2013, 13 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 2022, Adventurers Academy of Lifelong Learning reported income of $248k and spending of $344k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $347k to $248k (-29%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adventurers Academy of Lifelong Learning sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Abate Foundation Inc ($248k), California Kindergarten Association ($248k) and Wolverine Band Boosters ($248k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $106k. At year end it held assets of $56k against liabilities of $48k, net assets of $7,741. It reported 6 employees.

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.