Lifetime Assistance Incorporated

Analysis

Lifetime Assistance Incorporated is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifetime Assistance Incorporated reported income of $96.7m and spending of $93.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79.1m to $96.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 16%. 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, Lifetime Assistance Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Wind Crest Inc ($96.3m), Triumph Gulf Coast Inc ($96.8m) and Monarch ($96.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $906k (1.0% of expenses). Other salaries and wages came to $57.8m. At year end it held assets of $53.8m against liabilities of $20.4m, net assets of $33.4m. It reported 2,273 employees.