Life Choices Inc

Analysis

Life Choices Inc is a registered charity in United States, based in Alpha, NJ. It received its IRS tax-exemption ruling in March 2000, 26 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, Life Choices Inc reported income of $999k and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $999k (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Choices Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include The Community School of Park Cities ($999k), Heartworks Childrens Medical Home Mission ($999k) and Modcon Living ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $120k (10.0% of expenses). Other salaries and wages came to $645k. At year end it held assets of $1.6m against liabilities of $275k, net assets of $1.3m. It reported 52 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.