Academy of Learning for Life

Analysis

Academy of Learning for Life is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Academy of Learning for Life reported income of $78k and spending of $76k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $78k (+11%), an average of +11% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Learning for Life sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Literacy Center of Milford Inc ($78k), Kyrene Monte Vista Parent-Teacherorganization Inc ($78k) and Helen Simoneau Danse ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.