Life Services Alternative Inc

Analysis

Life Services Alternative Inc is a registered charity in United States, based in Campbell, CA. 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 June 2023, Life Services Alternative Inc reported income of $16.4m and spending of $15.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.7m to $16.4m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Services Alternative Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Pathway Enterprises Inc ($16.4m), Otterbein St Marys ($16.4m) and Florida Foundation Seed Producers Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $211k (1.3% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $16.0m against liabilities of $5.7m, net assets of $10.3m. It reported 262 employees.