Life Adult Day Academy
EIN: 464020726 · Fort Wayne, IN · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $881K |
| Total Expenses | $890K |
| Net Assets | $-487,820 |
Is Life Adult Day Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Life Adult Day Academy
Life Adult Day Academy (EIN: 464020726) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code B60. The organization reported total revenue of $881K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Adult Day Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Adult Day Academy is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $887K |
| Total Expenses | $890K |
| Surplus / Deficit | $-3,610 |
| Total Assets | $64K |
| Total Liabilities | $552K |
| Net Assets | $-487,820 |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 858.4% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2023, Life Adult Day Academy reported a deficit of $4K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 858.4% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.9% | +15.4% | +11.4% |
| 2022 | -4.9% | +8.2% | -84.2% |
| 2021 | +2.9% | +29.7% | +81.1% |
| 2020 | -35.4% | -17.0% | +167.2% |
| 2019 | +16.2% | +17.2% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Adult Day Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Adult Day Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 858.4%.
Frequently Asked Questions about Life Adult Day Academy
Is Life Adult Day Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Adult Day Academy (EIN: 464020726) insufficient data. 0 red flags identified, 0 strengths noted.
How does Life Adult Day Academy spend its money?
Detailed spending breakdown data is not yet available for Life Adult Day Academy. Check back for updated IRS 990 analysis.
Are donations to Life Adult Day Academy tax-deductible?
Life Adult Day Academy is registered as a tax-exempt nonprofit (EIN: 464020726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Adult Day Academy located?
Life Adult Day Academy is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 464020726. It is classified under NTEE code B60.
How many years of IRS 990 filings does Life Adult Day Academy have?
Life Adult Day Academy has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $881K in total revenue.
Filing History
IRS 990 filing history for Life Adult Day Academy showing financial trends over 11 years of public records:
In its most recent filing year (2023), Life Adult Day Academy reported a deficit of $4K, with expenses exceeding revenue. The organization holds $552K in liabilities against $64K in assets (debt-to-asset ratio: 858.4%), resulting in net assets of $-487,820.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $887K | $890K | $64K | $552K | — | — |
| 2022 | $426K | $771K | $58K | $542K | — | View 990 |
| 2021 | $448K | $713K | $366K | $505K | — | View 990 |
| 2020 | $436K | $549K | $202K | $176K | — | View 990 |
| 2019 | $674K | $662K | $76K | $4K | — | View 990 |
| 2018 | $580K | $565K | $62K | $2K | — | View 990 |
| 2017 | $562K | $515K | $51K | $1K | — | View 990 |
| 2016 | $496K | $505K | $12K | $9K | — | View 990 |
| 2015 | $421K | $414K | $23K | $11K | — | View 990 |
| 2014 | $0 | $0 | $0 | $0 | — | View 990 |
| 2013 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $887K, expenses of $890K, and assets of $64K (revenue +107.9% year-over-year).
- 2022: Revenue of $426K, expenses of $771K, and assets of $58K (revenue -4.9% year-over-year).
- 2021: Revenue of $448K, expenses of $713K, and assets of $366K (revenue +2.9% year-over-year).
- 2020: Revenue of $436K, expenses of $549K, and assets of $202K (revenue -35.4% year-over-year).
- 2019: Revenue of $674K, expenses of $662K, and assets of $76K (revenue +16.2% year-over-year).
- 2018: Revenue of $580K, expenses of $565K, and assets of $62K (revenue +3.2% year-over-year).
- 2017: Revenue of $562K, expenses of $515K, and assets of $51K (revenue +13.4% year-over-year).
- 2016: Revenue of $496K, expenses of $505K, and assets of $12K (revenue +17.8% year-over-year).
- 2015: Revenue of $421K, expenses of $414K, and assets of $23K.
- 2014: Revenue of $0, expenses of $0, and assets of $0.
- 2013: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Adult Day Academy:
Data Sources and Methodology
This transparency report for Life Adult Day Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.