Life Center Inc

Analysis

Life Center Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Life Center Inc reported income of $2.9m and spending of $1.8m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $819k to $2.9m (+255%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 176%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Center 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 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Community Health Centers of Arkansas Inc ($2.9m), Turning Point Inc ($2.9m) and Peak at Santa Teresa ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $353k (20% of expenses). It paid $1,600 in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $840k, net assets of $1.8m. It reported 42 employees.