Lifetime Residence Corporation Incorporated

Analysis

Lifetime Residence Corporation Incorporated is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 Residence Corporation Incorporated reported income of $98k and spending of $172k, spending 176% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $98k (-5.2%), an average of -5.2% a year. Over the whole period it spent 165% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifetime Residence Corporation Incorporated sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Scotia Glenville Senior Citizen Recreation Related Concerns ($98k), St Anthony Regional Hospital Auxiliary Inc ($98k) and PTA Pennsylvania Congress ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $104k against liabilities of $648k, net assets of -$545k.