Training for Life Inc

Analysis

Training for Life Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Training for Life Inc reported income of $361k and spending of $367k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $367k to $361k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 110% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Training for Life Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Hudson Volunteer Fire Department Inc ($361k), Cannon County Rescue Squad Inc ($361k) and Eldridge Volunteer Fire Co ($361k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $64k (17% of expenses). Other salaries and wages came to $64k. At year end it held assets of $402k against liabilities of $317k, net assets of $85k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.