Lifelong Learning Corporation
EIN: 371494071 · Weatogue, CT · NTEE: B60
Is Lifelong Learning Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lifelong Learning Corporation
Lifelong Learning Corporation (EIN: 371494071) is a nonprofit organization based in Weatogue, CT, classified under NTEE code B60. The organization reported total revenue of $537K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifelong Learning Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifelong Learning Corporation is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $565K |
| Total Expenses | $618K |
| Surplus / Deficit | $-53,164 |
| Total Assets | $3.6M |
| Total Liabilities | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 50.4% |
| Months of Reserves | 69.8 months |
Financial Health Grade: C
In 2023, Lifelong Learning Corporation reported a deficit of $53K with expenses exceeding revenue, holds 69.8 months of operating reserves (strong position), has a debt-to-asset ratio of 50.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lifelong Learning Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.1% | +42.7% | +63.9% |
| 2022 | +43.8% | +26.0% | +19.7% |
| 2021 | +8.3% | +38.5% | +3.5% |
| 2020 | +0.5% | +0.8% | +7.9% |
| 2019 | -4.7% | +13.8% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lifelong Learning Corporation 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 Lifelong Learning Corporation 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 $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.4%.
Frequently Asked Questions about Lifelong Learning Corporation
Is Lifelong Learning Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifelong Learning Corporation (EIN: 371494071) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lifelong Learning Corporation spend its money?
Detailed spending breakdown data is not yet available for Lifelong Learning Corporation. Check back for updated IRS 990 analysis.
Are donations to Lifelong Learning Corporation tax-deductible?
Lifelong Learning Corporation is registered as a tax-exempt nonprofit (EIN: 371494071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lifelong Learning Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lifelong Learning Corporation's revenue has declined by 36.7%, moving from $892K to $565K. Total assets increased by 308.2% over the same period, from $881K to $3.6M. Total functional expenses rose by 39.4%, from $443K to $618K. In its most recent filing year (2023), Lifelong Learning Corporation reported a deficit of $53K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $3.6M in assets (debt-to-asset ratio: 50.4%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $565K | $618K | $3.6M | $1.8M | — | View 990 |
| 2022 | $615K | $433K | $2.2M | $366K | — | View 990 |
| 2021 | $428K | $344K | $1.8M | $24K | — | View 990 |
| 2020 | $395K | $248K | $1.8M | $30K | — | View 990 |
| 2019 | $393K | $246K | $1.6M | $48K | — | View 990 |
| 2018 | $412K | $216K | $1.5M | $7K | — | View 990 |
| 2017 | $857K | $193K | $1.3M | $13K | — | View 990 |
| 2016 | $358K | $162K | $595K | $9K | — | View 990 |
| 2015 | $360K | $194K | $391K | $548 | — | View 990 |
| 2014 | $784K | $708K | $226K | $0 | — | View 990 |
| 2013 | $728K | $838K | $412K | $5K | — | View 990 |
| 2012 | $1.0M | $593K | $518K | $683 | — | View 990 |
| 2011 | $1.1M | $1.1M | $944K | $975K | — | View 990 |
| 2010 | $892K | $443K | $881K | $979K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $565K, expenses of $618K, and assets of $3.6M (revenue -8.1% year-over-year).
- 2022: Revenue of $615K, expenses of $433K, and assets of $2.2M (revenue +43.8% year-over-year).
- 2021: Revenue of $428K, expenses of $344K, and assets of $1.8M (revenue +8.3% year-over-year).
- 2020: Revenue of $395K, expenses of $248K, and assets of $1.8M (revenue +0.5% year-over-year).
- 2019: Revenue of $393K, expenses of $246K, and assets of $1.6M (revenue -4.7% year-over-year).
- 2018: Revenue of $412K, expenses of $216K, and assets of $1.5M (revenue -51.9% year-over-year).
- 2017: Revenue of $857K, expenses of $193K, and assets of $1.3M (revenue +139.1% year-over-year).
- 2016: Revenue of $358K, expenses of $162K, and assets of $595K (revenue -0.5% year-over-year).
- 2015: Revenue of $360K, expenses of $194K, and assets of $391K (revenue -54.1% year-over-year).
- 2014: Revenue of $784K, expenses of $708K, and assets of $226K (revenue +7.7% year-over-year).
- 2013: Revenue of $728K, expenses of $838K, and assets of $412K (revenue -27.2% year-over-year).
- 2012: Revenue of $1.0M, expenses of $593K, and assets of $518K (revenue -11.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $944K (revenue +26.0% year-over-year).
- 2010: Revenue of $892K, expenses of $443K, and assets of $881K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifelong Learning Corporation:
Data Sources and Methodology
This transparency report for Lifelong Learning Corporation 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.