Life Choices Center Inc

Analysis

Life Choices Center Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in August 1996, 30 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 Choices Center Inc reported income of $334k and spending of $333k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $334k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Choices Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Bridge House Inc ($334k), Together Friends Organization Inc ($334k) and New Haven ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $57k (17% of expenses). Other salaries and wages came to $116k. At year end it held assets of $201k against liabilities of $1,250, net assets of $200k. It reported 7 employees.