Lifequest Inc

Analysis

Lifequest Inc is a registered charity in United States, based in Quakertown, PA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifequest Inc reported income of $1.9m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $1.9m (-34%), an average of -10% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifequest Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Alternatives for Youth Foundation Inc ($1.9m), Rockwood Early Educational Academy Incorporated ($1.9m) and International Union of Bricklayers and Allied Craftworkers ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $966k (52% of expenses). Other salaries and wages came to $512k. At year end it held assets of $18.2m against liabilities of $18.4m, net assets of -$185k. It reported 13 employees.