Lifewerks Inc

Analysis

Lifewerks Inc is a registered charity in United States, based in Wallingford, PA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lifewerks Inc reported income of $150k and spending of $132k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $225k to $150k (-34%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifewerks Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include BM Emek Yehoshua a NJ Nonprofit Corporation ($150k), John Paul II Polish Language School ($150k) and Middies Athletic Booster Club Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.