Lifeline for the Empowerment & Development of Consumers Inc

Analysis

Lifeline for the Empowerment & Development of Consumers Inc is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in November 1973, 53 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, Lifeline for the Empowerment & Development of Consumers Inc reported income of $4.8m and spending of $4.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $4.8m (+192%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeline for the Empowerment & Development of Consumers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Providence Trinitycare Hospice Foundation ($4.8m), Catholic Charities of the Diocese of Winona-Rochester ($4.8m) and Rian Immigrant Center Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $91k (2.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.6m against liabilities of $365k, net assets of $1.3m. It reported 40 employees.