Whole Life Inc

Analysis

Whole Life Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in February 1988, 38 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, Whole Life Inc reported income of $30.3m and spending of $30.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.9m to $30.3m (+32%), an average of +7.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Whole Life Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include First Childrens Finance ($30.3m), Rescue Mission Alliance of Syracuse N Y ($30.4m) and Youth in Need ($30.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $445k (1.5% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $13.7m against liabilities of $11.6m, net assets of $2.1m. It reported 568 employees.