Lifelong Learners an Independent Collaborative Inc

Analysis

Lifelong Learners an Independent Collaborative Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in July 2014, 12 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 2023, Lifelong Learners an Independent Collaborative Inc reported income of $62k and spending of $66k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $62k (-5.1%), an average of -5.1% 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, Lifelong Learners an Independent Collaborative Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include STEM Academy Home & School Association ($62k), Friends of the Eagles ($62k) and Inspire Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 56% of the total. At year end it held assets of $113k against liabilities of $10k, net assets of $102k.