Life Management Inc

Analysis

Life Management Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in February 1998, 28 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, Life Management Inc reported income of $1.8m and spending of $913k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $819k to $1.8m (+117%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 232%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Management Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Alexander Graham Bell Association for the Deaf and Hard of Hearing ($1.8m), Pride Manchester Inc ($1.8m) and National Compadres Network Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $163k (18% of expenses). Other salaries and wages came to $231k. At year end it held assets of $95.4m against liabilities of $84.2m, net assets of $11.2m. It reported 15 employees.