Lifelong Learning Administration Corporation

Analysis

Lifelong Learning Administration Corporation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifelong Learning Administration Corporation reported income of $69.4m and spending of $62.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.3m to $69.4m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifelong Learning Administration Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Virginia Early Childhood Foundation ($69.3m), Central Pennsylvania Scholarship Fund ($69.6m) and Freed-Hardeman University ($69.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $904k (1.4% of expenses). Other salaries and wages came to $30.7m. At year end it held assets of $53.7m against liabilities of $23.2m, net assets of $30.6m. It reported 356 employees.