Life Change Academy Inc
Life Change Academy Inc. faces significant financial challenges with recurring deficits and zero reported assets in its latest filing.
EIN: 205981950 · Oklahoma City, OK · NTEE: O20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $174K |
| Program Spending | 80% |
| Transparency Score | 45/100 |
Is Life Change Academy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Change Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Change Academy Inc
Life Change Academy Inc (EIN: 205981950) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code O20. The organization reported total revenue of $124K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Change Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Change Academy Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $174K |
| Surplus / Deficit | $-49,919 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -40.2% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2020, Life Change Academy Inc reported a deficit of $50K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2010–2020), Life Change Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -32.4% | -16.0% | -100.0% |
| 2019 | -17.0% | -4.7% | -6.8% |
| 2018 | +3.8% | +3.7% | +1.6% |
| 2017 | +19.2% | -0.2% | +1.0% |
| 2016 | -27.9% | -4.0% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Change Academy Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Life Change Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Life Change Academy Inc's IRS 990 filings:
- Significant and recurring financial deficits, with expenses exceeding revenue in 5 out of 10 reported periods.
- Sudden and unexplained drop in assets from $233,692 in 2019 to $0 in the latest 2020 filing.
- Latest revenue of $124,286 is considerably lower than historical averages, indicating a potential decline in support or activity.
- No assets reported in the latest filing, which raises concerns about financial stability and long-term viability.
Strengths
The following positive indicators were identified for Life Change Academy Inc:
- Consistent reporting with 10 IRS 990 filings available, indicating transparency.
- 0% officer compensation reported across all filings, demonstrating efficient use of funds regarding executive pay.
Frequently Asked Questions about Life Change Academy Inc
Is Life Change Academy Inc a legitimate charity?
Life Change Academy Inc (EIN: 205981950) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $124K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Life Change Academy Inc spend its money?
Life Change Academy Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Life Change Academy Inc tax-deductible?
Life Change Academy Inc is registered as a tax-exempt nonprofit (EIN: 205981950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Life Change Academy Inc's spending goes to programs?
Life Change Academy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Change Academy Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Life Change Academy Inc is near average for NTEE category O20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Change Academy Inc located?
Life Change Academy Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 205981950. It is classified under NTEE code O20.
How many years of IRS 990 filings does Life Change Academy Inc have?
Life Change Academy Inc has 10 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 $124K in total revenue.
What caused the sudden drop in assets from $233,692 in 2019 to $0 in 2020?
The provided data does not specify the reason for the drastic reduction in assets. This would require reviewing the full 990 form for Period 202012 to understand asset disposition or reclassification.
How does Life Change Academy Inc. plan to address its recurring financial deficits?
The filings show a pattern of expenses exceeding revenue in multiple years (2020, 2019, 2017, 2016, 2011). The organization would need to outline strategies for increasing revenue or reducing expenses to achieve financial sustainability.
What is the detailed breakdown of expenses, particularly program spending, given the overall deficits?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A full 990 form would be necessary to assess the efficiency of spending across these areas.
Filing History
IRS 990 filing history for Life Change Academy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2020), Life Change Academy Inc's revenue has declined by 49.8%, moving from $248K to $124K. Total assets decreased by 100% over the same period, from $234K to $0. Total functional expenses rose by 2.7%, from $170K to $174K. In its most recent filing year (2020), Life Change Academy Inc reported a deficit of $50K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $124K | $174K | $0 | $0 | — | — |
| 2019 | $184K | $207K | $234K | $4K | — | View 990 |
| 2018 | $222K | $218K | $251K | $3K | — | View 990 |
| 2017 | $213K | $210K | $247K | $3K | — | View 990 |
| 2016 | $179K | $210K | $244K | $4K | — | View 990 |
| 2014 | $248K | $219K | $299K | $2K | — | View 990 |
| 2013 | $255K | $228K | $271K | $3K | — | View 990 |
| 2012 | $252K | $201K | $244K | $1K | — | View 990 |
| 2011 | $161K | $199K | $195K | $3K | — | View 990 |
| 2010 | $248K | $170K | $234K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $124K, expenses of $174K, and assets of $0 (revenue -32.4% year-over-year).
- 2019: Revenue of $184K, expenses of $207K, and assets of $234K (revenue -17.0% year-over-year).
- 2018: Revenue of $222K, expenses of $218K, and assets of $251K (revenue +3.8% year-over-year).
- 2017: Revenue of $213K, expenses of $210K, and assets of $247K (revenue +19.2% year-over-year).
- 2016: Revenue of $179K, expenses of $210K, and assets of $244K (revenue -27.9% year-over-year).
- 2014: Revenue of $248K, expenses of $219K, and assets of $299K (revenue -2.8% year-over-year).
- 2013: Revenue of $255K, expenses of $228K, and assets of $271K (revenue +1.3% year-over-year).
- 2012: Revenue of $252K, expenses of $201K, and assets of $244K (revenue +57.0% year-over-year).
- 2011: Revenue of $161K, expenses of $199K, and assets of $195K (revenue -35.2% year-over-year).
- 2010: Revenue of $248K, expenses of $170K, and assets of $234K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Change Academy Inc:
Data Sources and Methodology
This transparency report for Life Change Academy Inc 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.