Livingstone Schools Inc
Livingstone Schools Inc. shows consistent revenue growth and no reported officer compensation, but maintains significant liabilities.
EIN: 202668855 · Seffner, FL · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $5.0M |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Livingstone Schools Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Livingstone Schools Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Livingstone Schools Inc
Livingstone Schools Inc (EIN: 202668855) is a nonprofit organization based in Seffner, FL, classified under NTEE code B28. The organization reported total revenue of $5.1M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Livingstone Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Livingstone Schools Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$315K |
| Total Assets | $3.6M |
| Total Liabilities | $2.2M |
| Net Assets | $1.4M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 60.5% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2023, Livingstone Schools Inc reported a surplus of $315K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 60.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Livingstone Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +23.6% | +9.0% |
| 2022 | +2.7% | +24.7% | -4.6% |
| 2021 | +38.4% | +4.6% | +6.1% |
| 2020 | +3.4% | +15.0% | -0.3% |
| 2019 | +11.6% | +2.5% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Livingstone Schools Inc with a Mission Score of 85 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, Livingstone Schools 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 surplus of $315K, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.5%.
Executive Compensation Analysis
Livingstone Schools Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, and suggests a strong dedication to mission over executive pay.
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 Livingstone Schools Inc's IRS 990 filings:
- Significant liabilities relative to assets, with liabilities consistently over 60% of assets in recent years (e.g., $2,184,629 liabilities vs $3,611,529 assets in 2023).
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Livingstone Schools Inc:
- Consistent and strong revenue growth, increasing from $1.9M in 2014 to $5.3M in 2023.
- No reported officer compensation across all filings, indicating a strong commitment to mission over executive salaries.
- Generally operates with an annual surplus, contributing to asset growth (e.g., $315,225 surplus in 2023).
- Consistent filing of IRS Form 990s over 13 periods, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Livingstone Schools Inc
Is Livingstone Schools Inc a legitimate charity?
Livingstone Schools Inc (EIN: 202668855) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Livingstone Schools Inc spend its money?
Livingstone Schools Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Livingstone Schools Inc tax-deductible?
Livingstone Schools Inc is registered as a tax-exempt nonprofit (EIN: 202668855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Livingstone Schools Inc's spending goes to programs?
Livingstone Schools Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Livingstone Schools Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Livingstone Schools Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Livingstone Schools Inc located?
Livingstone Schools Inc is headquartered in Seffner, Florida and files with the IRS under EIN 202668855. It is classified under NTEE code B28.
How many years of IRS 990 filings does Livingstone Schools Inc have?
Livingstone Schools 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 $5.1M in total revenue.
Is Livingstone Schools Inc. financially stable?
Yes, Livingstone Schools Inc. appears financially stable, demonstrating consistent revenue growth from $1.9M in 2014 to $5.3M in 2023, and generally operating with a surplus. However, its significant liabilities relative to assets (e.g., $2.18M liabilities vs $3.61M assets in 2023) warrant further investigation into their nature.
How does Livingstone Schools Inc. manage executive compensation?
Livingstone Schools Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a strong positive for directing funds to its mission.
What is the trend in the organization's assets and liabilities?
Assets have grown from $1.4M in 2014 to $3.6M in 2023, while liabilities have also increased from $1.05M to $2.18M over the same period. The organization consistently carries substantial liabilities relative to its assets.
Is the organization growing?
Yes, the organization shows consistent growth in both revenue and assets over the past decade. Revenue increased from $1,926,051 in 2014 to $5,327,259 in 2023, and assets grew from $1,439,790 to $3,611,529 in the same timeframe.
Filing History
IRS 990 filing history for Livingstone Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Livingstone Schools Inc's revenue has grown by 485.5%, moving from $910K to $5.3M. Total assets increased by 2373.2% over the same period, from $146K to $3.6M. Total functional expenses rose by 462.5%, from $891K to $5.0M. In its most recent filing year (2023), Livingstone Schools Inc reported a surplus of $315K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $3.6M in assets (debt-to-asset ratio: 60.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $5.0M | $3.6M | $2.2M | — | View 990 |
| 2022 | $4.1M | $4.1M | $3.3M | $2.2M | — | — |
| 2021 | $4.0M | $3.3M | $3.5M | $2.4M | — | View 990 |
| 2020 | $2.9M | $3.1M | $3.3M | $3.0M | — | View 990 |
| 2019 | $2.8M | $2.7M | $3.3M | $2.8M | — | View 990 |
| 2018 | $2.5M | $2.6M | $3.3M | $2.9M | — | View 990 |
| 2017 | $2.4M | $2.4M | $3.0M | $2.4M | — | View 990 |
| 2016 | $2.3M | $2.4M | $1.5M | $1.0M | — | View 990 |
| 2015 | $2.4M | $2.2M | $1.5M | $987K | — | View 990 |
| 2014 | $1.9M | $1.9M | $1.4M | $1.1M | — | View 990 |
| 2013 | $1.6M | $1.5M | $1.5M | $1.1M | — | View 990 |
| 2012 | $1.3M | $1.2M | $697K | $472K | — | View 990 |
| 2011 | $910K | $891K | $146K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $5.0M, and assets of $3.6M (revenue +29.8% year-over-year).
- 2022: Revenue of $4.1M, expenses of $4.1M, and assets of $3.3M (revenue +2.7% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.3M, and assets of $3.5M (revenue +38.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.1M, and assets of $3.3M (revenue +3.4% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.7M, and assets of $3.3M (revenue +11.6% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.6M, and assets of $3.3M (revenue +2.4% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.4M, and assets of $3.0M (revenue +5.2% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.4M, and assets of $1.5M (revenue -1.4% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.2M, and assets of $1.5M (revenue +22.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $1.4M (revenue +18.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M (revenue +24.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $697K (revenue +43.5% year-over-year).
- 2011: Revenue of $910K, expenses of $891K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Livingstone Schools Inc:
Data Sources and Methodology
This transparency report for Livingstone Schools 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.