Lifechanges Family Guidance & Wellness Inc

Analysis

Lifechanges Family Guidance & Wellness Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifechanges Family Guidance & Wellness Inc reported income of $424k and spending of $391k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $266k to $424k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifechanges Family Guidance & Wellness Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Elevate Life ($424k), Eastcentral Pennsylvania Area Health Education Center ($424k) and Mental Health Collaborative of Indian River Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $57k (15% of expenses). Other salaries and wages came to $216k. At year end it held assets of $180k against liabilities of $200k, net assets of -$19k. It reported 9 employees.