Learn4life - South Carolina

Analysis

Learn4life - South Carolina is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in September 2020, 6 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, Learn4life - South Carolina reported income of $1.5m and spending of $1.7m, spending 111% of what it took in. The sharpest change came in the year to June 2022, when income rose by 581%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learn4life - South Carolina sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Scalelit Fka Chicago Citywide Literacy Coalition ($1.5m), Amherst Montessori School Inc ($1.5m) and Cats2 Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $487k. At year end it held assets of $1.2m against liabilities of $2.0m, net assets of -$841k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.