Lifes Door Inc

Analysis

Lifes Door Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifes Door Inc reported income of $77k and spending of $47k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $77k (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifes Door Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Hope to Haiti Inc ($77k), Arley Womens Club Inc ($77k) and Agape Community Outreach Mission Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.