2life Communities Services Inc

Analysis

2life Communities Services Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 2life Communities Services Inc reported income of $6.7m and spending of $6.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $6.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 2life Communities Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include National Immigration Forum Inc ($6.7m), Mental Illness Recovery Center Inc ($6.7m) and Common Sense Society ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $814k (12% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $16.6m against liabilities of $7.4m, net assets of $9.3m. It reported 263 employees.