Life Learning Academy

Analysis

Life Learning Academy is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2013, 13 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, Life Learning Academy reported income of $4.9m and spending of $3.7m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.9m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Learning Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Tulsa School of Arts and Sciences ($4.9m), Woodstock Day School ($4.9m) and University of Arkansas Winthrop Rockefeller Institute ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $349k (9.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.6m against liabilities of $860k, net assets of $7.8m. It reported 65 employees.