Life University Inc

Analysis

Life University Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in May 1977, 49 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 University Inc reported income of $90.6m and spending of $92.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $77.6m to $90.6m (+17%), an average of +3.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life University Inc 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 GA. Charities of a similar size with the same main cause include Claflin University ($90.5m), Cranbrook Educational Community ($90.6m) and Palmer College Foundation ($90.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.0m (3.2% of expenses). Other salaries and wages came to $33.2m. At year end it held assets of $131.1m against liabilities of $101.7m, net assets of $29.4m. It reported 999 employees.