Life College

Analysis

Life College is a registered charity in United States, based in Aliso Viejo, CA. It received its IRS tax-exemption ruling in June 2014, 12 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 2024, Life College reported income of $345k and spending of $381k, spending 110% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $241k to $345k (+43%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life College sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Geneseo Endowment for Excellence ($345k), Texas Foundation for Education Rights Inc ($345k) and Restore Texas Ministries ($345k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $113k (30% of expenses). Other salaries and wages came to $172k. At year end it held assets of $18k against liabilities of $13k, net assets of $4,820. It reported 9 employees.