Traverse Life Center

Analysis

Traverse Life Center is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in May 2019, 7 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, Traverse Life Center reported income of $270k and spending of $202k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $229k to $270k (+18%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Traverse Life Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Gracewater ($270k), Moving Waters ($270k) and Faith Hope & Love Mentoring ($270k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $214k against liabilities of $0, net assets of $214k. It reported 1 employees.