Illuminated Life School Inc

Analysis

Illuminated Life School Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illuminated Life School Inc reported income of $223k and spending of $31k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $223k (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illuminated Life School Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 39th percentile within PR. Charities of a similar size with the same main cause include Whelden Memorial Library Corp ($223k), Monarch High School Music Boosters ($223k) and Kendall County Fair Association ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $236k against liabilities of $104k, net assets of $132k.