Living School Inc

Analysis

Living School Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2018, 8 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 June 2023, Living School Inc reported income of $4.2m and spending of $4.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $344k to $4.2m (+1106%), an average of +86% a year. The sharpest change came in the year to June 2020, when income rose by 346%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Heartland Christian Schools Inc ($4.2m), Valley Senior Living ($4.2m) and Daystar Education Association ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $56k (1.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $792k against liabilities of $186k, net assets of $606k. It reported 26 employees.