Lifespan School Solutions Inc

Analysis

Lifespan School Solutions Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2015, 11 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 September 2023, Lifespan School Solutions Inc reported income of $25.6m and spending of $21.9m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.0m to $25.6m (+11%), an average of +2.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifespan School Solutions Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include The Childrens Institute of Pittsburgh ($25.6m), Impact Public Schools ($25.6m) and Buckley School in the City of New York ($25.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $854k (3.9% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $8.8m against liabilities of $5.4m, net assets of $3.3m. It reported 300 employees.