Strategies4life Inc

Analysis

Strategies4life Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Strategies4life Inc reported income of $172k and spending of $208k, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $284k to $172k (-39%), an average of -9.5% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Strategies4life Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Sepal Corporation ($172k), Oil and Wine Ministries International ($172k) and Masjid Mission Center Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (32% of expenses). At year end it held assets of $246k against liabilities of $365k, net assets of -$119k.