Life School of Dallas

Analysis

Life School of Dallas is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, Life School of Dallas reported income of $73.7m and spending of $65.1m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $61.4m to $73.7m (+20%), an average of +4.7% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life School of Dallas 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 TX. Charities of a similar size with the same main cause include Tiffin University ($73.7m), Equitable Facilities Fund Inc ($73.8m) and United Nations International School ($73.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (2.3% of expenses). Other salaries and wages came to $35.3m. At year end it held assets of $143.2m against liabilities of $122.9m, net assets of $20.3m. It reported 1,034 employees.