The Life Skills Center
EIN: 521033761 · Washington, DC
| Metric | Value |
|---|---|
| Total Expenses | $371K |
| Net Assets | $379K |
Is The Life Skills Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Life Skills Center
The Life Skills Center (EIN: 521033761) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Life Skills Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Life Skills Center is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $338K |
| Total Expenses | $371K |
| Surplus / Deficit | $-32,951 |
| Total Assets | $850K |
| Total Liabilities | $471K |
| Net Assets | $379K |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 55.4% |
| Months of Reserves | 27.5 months |
Financial Health Grade: C
In 2015, The Life Skills Center reported a deficit of $33K with expenses exceeding revenue, holds 27.5 months of operating reserves (strong position), has a debt-to-asset ratio of 55.4% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Life Skills Center's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -5.5% | +7.1% | -7.4% |
| 2014 | -1.3% | -17.3% | +2.2% |
| 2013 | -6.3% | -7.1% | -7.1% |
| 2012 | +6.2% | +7.1% | -9.0% |
AI Analysis Pending
AI enrichment for The Life Skills Center 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 The Life Skills Center 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.4%.
Frequently Asked Questions about The Life Skills Center
Is The Life Skills Center a legitimate charity?
The Life Skills Center (EIN: 521033761) is a registered tax-exempt nonprofit based in Washington DC. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does The Life Skills Center spend its money?
The Life Skills Center reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Life Skills Center tax-deductible?
The Life Skills Center is registered as a tax-exempt nonprofit (EIN: 521033761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Life Skills Center located?
The Life Skills Center is headquartered in Washington, Washington DC and files with the IRS under EIN 521033761.
How many years of IRS 990 filings does The Life Skills Center have?
The Life Skills Center has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for The Life Skills Center showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Life Skills Center's revenue has declined by 7.1%, moving from $364K to $338K. Total assets decreased by 20% over the same period, from $1.1M to $850K. Total functional expenses fell by 11.9%, from $422K to $371K. In its most recent filing year (2015), The Life Skills Center reported a deficit of $33K, with expenses exceeding revenue. The organization holds $471K in liabilities against $850K in assets (debt-to-asset ratio: 55.4%), resulting in net assets of $379K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $338K | $371K | $850K | $471K | — | View 990 |
| 2014 | $358K | $347K | $918K | $505K | — | View 990 |
| 2013 | $363K | $419K | $898K | $497K | — | View 990 |
| 2012 | $387K | $451K | $966K | $494K | — | View 990 |
| 2011 | $364K | $422K | $1.1M | $525K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $338K, expenses of $371K, and assets of $850K (revenue -5.5% year-over-year).
- 2014: Revenue of $358K, expenses of $347K, and assets of $918K (revenue -1.3% year-over-year).
- 2013: Revenue of $363K, expenses of $419K, and assets of $898K (revenue -6.3% year-over-year).
- 2012: Revenue of $387K, expenses of $451K, and assets of $966K (revenue +6.2% year-over-year).
- 2011: Revenue of $364K, expenses of $422K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Life Skills Center:
Data Sources and Methodology
This transparency report for The Life Skills Center 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.