Life Learning Center Inc
Life Learning Center Inc. shows strong asset growth and zero officer compensation, despite recent operating deficits.
EIN: 203454261 · Covington, KY · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.0M |
| Transparency Score | 90/100 |
Is Life Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Learning Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Learning Center Inc
Life Learning Center Inc (EIN: 203454261) is a nonprofit organization based in Covington, KY, classified under NTEE code P99. The organization reported total revenue of $9.4M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Learning Center Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-328,237 |
| Total Assets | $3.4M |
| Total Liabilities | $439K |
| Net Assets | $3.0M |
| Operating Margin | -18.7% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Life Learning Center Inc reported a deficit of $328K with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Life Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +25.3% | +19.2% |
| 2022 | -37.1% | +7.1% | -17.9% |
| 2021 | +116.1% | +14.7% | +41.3% |
| 2020 | -15.7% | +4.1% | -16.7% |
| 2019 | -3.4% | +11.7% | +25.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Learning Center Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Life Learning Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $328K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly commendable and suggests a strong commitment to directing resources to programmatic activities rather than executive salaries, especially for an organization with assets exceeding $3 million.
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 Learning Center Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $328,237.
Strengths
The following positive indicators were identified for Life Learning Center Inc:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency and transparency.
- Significant asset growth from $2,605,223 in 2014 to $3,413,405 in 2023, demonstrating financial stability.
- Healthy asset-to-liability ratio, with assets of $3,413,405 and liabilities of $438,661 in 2023.
Frequently Asked Questions about Life Learning Center Inc
Is Life Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Learning Center Inc (EIN: 203454261) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does Life Learning Center Inc spend its money?
Life Learning Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Life Learning Center Inc tax-deductible?
Life Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 203454261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Life Learning Center Inc CEO make?
Life Learning Center Inc's highest-compensated officer earns $3 annually. The organization reported $9.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Life Learning Center Inc's spending goes to programs?
Life Learning Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Learning Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Life Learning Center Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Learning Center Inc located?
Life Learning Center Inc is headquartered in Covington, Kentucky and files with the IRS under EIN 203454261. It is classified under NTEE code P99.
How many years of IRS 990 filings does Life Learning Center Inc have?
Life Learning Center Inc has 13 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 $9.4M in total revenue.
Is Life Learning Center Inc. a good charity?
Based on the available data, Life Learning Center Inc. appears to be a good charity. It demonstrates strong financial transparency with 0% officer compensation and has shown consistent asset growth. While there was an operating deficit in 2023, this is not uncommon for nonprofits and is offset by surpluses in previous years and a healthy asset base.
How has Life Learning Center Inc.'s financial health changed over time?
Life Learning Center Inc.'s financial health has generally improved over time, with assets growing from $2,605,223 in 2014 to $3,413,405 in 2023. Revenue and expenses have also increased, indicating growth in operations. While 2023 saw an operating deficit, the overall trend points to a growing and stable organization.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative and mission-focused, with 0% officer compensation reported across all available filings. This means no officers received salaries from the organization, which is a significant indicator of financial efficiency and dedication to its mission.
Filing History
IRS 990 filing history for Life Learning Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Life Learning Center Inc's revenue has grown by 289.2%, moving from $451K to $1.8M. Total assets increased by 2144.7% over the same period, from $152K to $3.4M. Total functional expenses rose by 364.3%, from $448K to $2.1M. In its most recent filing year (2023), Life Learning Center Inc reported a deficit of $328K, with expenses exceeding revenue. The organization holds $439K in liabilities against $3.4M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.1M | $3.4M | $439K | — | — |
| 2022 | $1.7M | $1.7M | $2.9M | $185K | — | — |
| 2021 | $2.6M | $1.6M | $3.5M | $190K | — | View 990 |
| 2020 | $1.2M | $1.4M | $2.5M | $215K | — | — |
| 2019 | $1.4M | $1.3M | $3.0M | $240K | — | View 990 |
| 2018 | $1.5M | $1.2M | $2.4M | $264K | — | View 990 |
| 2017 | $892K | $1.1M | $2.0M | $284K | — | View 990 |
| 2016 | $502K | $1.1M | $2.3M | $283K | — | View 990 |
| 2015 | $1.2M | $1.1M | $2.6M | $19K | — | View 990 |
| 2014 | $2.4M | $707K | $2.6M | $160K | — | View 990 |
| 2013 | $1.2M | $579K | $886K | $172K | — | View 990 |
| 2012 | $592K | $530K | $225K | $143K | — | View 990 |
| 2011 | $451K | $448K | $152K | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.1M, and assets of $3.4M (revenue +6.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $2.9M (revenue -37.1% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.6M, and assets of $3.5M (revenue +116.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.4M, and assets of $2.5M (revenue -15.7% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $3.0M (revenue -3.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.2M, and assets of $2.4M (revenue +67.2% year-over-year).
- 2017: Revenue of $892K, expenses of $1.1M, and assets of $2.0M (revenue +77.6% year-over-year).
- 2016: Revenue of $502K, expenses of $1.1M, and assets of $2.3M (revenue -59.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $2.6M (revenue -49.3% year-over-year).
- 2014: Revenue of $2.4M, expenses of $707K, and assets of $2.6M (revenue +101.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $579K, and assets of $886K (revenue +104.6% year-over-year).
- 2012: Revenue of $592K, expenses of $530K, and assets of $225K (revenue +31.5% year-over-year).
- 2011: Revenue of $451K, expenses of $448K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Learning Center Inc:
Data Sources and Methodology
This transparency report for Life Learning Center 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.