Life Enriching Communities

Analysis

Life Enriching Communities is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Life Enriching Communities reported income of $10.8m and spending of $12.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $10.8m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Life Enriching Communities 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 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Community Housing Network Inc ($10.8m), PHS Founders Ridge Inc ($10.9m) and Lutheran Retirement Center Salisbury Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.8m (14% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $81.4m against liabilities of $91.5m, net assets of -$10.1m. It reported 2,132 employees.