My Life Learning Center Inc
EIN: 460668015 · Ellicott City, MD · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $609K |
| Total Expenses | $232K |
| Net Assets | $157K |
Is My Life Learning Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About My Life Learning Center Inc
My Life Learning Center Inc (EIN: 460668015) is a nonprofit organization based in Ellicott City, MD, classified under NTEE code B92. The organization reported total revenue of $609K and total assets of $472K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Life Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Life Learning Center Inc is a small nonprofit that has been operating for 11 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 559.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $382K |
| Total Expenses | $232K |
| Surplus / Deficit | +$150K |
| Total Assets | $157K |
| Total Liabilities | $112 |
| Net Assets | $157K |
| Operating Margin | 39.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, My Life Learning Center Inc reported a surplus of $150K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), My Life Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 559.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +559.2% | +241.9% | +2040.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for My Life Learning Center Inc 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 My Life Learning Center Inc 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 surplus of $150K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about My Life Learning Center Inc
Is My Life Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, My Life Learning Center Inc (EIN: 460668015) insufficient data. 0 red flags identified, 0 strengths noted.
How does My Life Learning Center Inc spend its money?
Detailed spending breakdown data is not yet available for My Life Learning Center Inc. Check back for updated IRS 990 analysis.
Are donations to My Life Learning Center Inc tax-deductible?
My Life Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 460668015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is My Life Learning Center Inc located?
My Life Learning Center Inc is headquartered in Ellicott City, Maryland and files with the IRS under EIN 460668015. It is classified under NTEE code B92.
How many years of IRS 990 filings does My Life Learning Center Inc have?
My Life Learning Center Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $609K in total revenue.
Filing History
IRS 990 filing history for My Life Learning Center Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), My Life Learning Center Inc's revenue has grown by 559.2%, moving from $58K to $382K. Total assets increased by 2040.8% over the same period, from $7K to $157K. Total functional expenses rose by 241.9%, from $68K to $232K. In its most recent filing year (2023), My Life Learning Center Inc reported a surplus of $150K, with revenue exceeding expenses. The organization holds $112 in liabilities against $157K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $382K | $232K | $157K | $112 | — | — |
| 2022 | $58K | $68K | $7K | $644 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for My Life Learning Center Inc:
Data Sources and Methodology
This transparency report for My 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.