Life Inc 39 Seneca St

Analysis

Life Inc 39 Seneca St is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Life Inc 39 Seneca St reported income of $92k and spending of $108k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $92k (+4.1%), an average of +4.1% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Inc 39 Seneca St sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Central Minnesota Elder Network ($92k), Rotary Club of Scott County Virginia ($92k) and Unmistaken Stars Farm Sanctuary Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.