L I F E Skills Foundation

Analysis

L I F E Skills Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, L I F E Skills Foundation reported income of $905k and spending of $1.1m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $905k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, L I F E Skills Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Always with US Charities ($902k), Foundation for the Childrens Home of Cincinnati Inc ($905k) and Big Brothers-Big Sisters of Northwest Arkansas Inc ($902k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $55k (5.0% of expenses). Other salaries and wages came to $561k. At year end it held assets of $1.7m against liabilities of $914k, net assets of $739k. It reported 13 employees.