Lifebuilders

Analysis

Lifebuilders is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2007, 19 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, Lifebuilders reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifebuilders sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Financial Pathways of the Piedmont Inc ($2.0m), Coastside Childrens Programs ($2.0m) and Benchmarks ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $147k (7.5% of expenses). Other salaries and wages came to $383k. At year end it held assets of $6.4m against liabilities of $2.8m, net assets of $3.6m. It reported 36 employees.