Lifetime Learning Institute of Austin Texas

Analysis

Lifetime Learning Institute of Austin Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 December 2023, Lifetime Learning Institute of Austin Texas reported income of $64k and spending of $64k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $64k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifetime Learning Institute of Austin Texas sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Dothan Police Foundation Inc ($64k), Hee Shen Foundation ($64k) and Leaps of Faith Ballet Ministry ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.