Key to Life

Analysis

Key to Life is a registered charity in United States, based in Weston, WI. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Key to Life reported income of $1.0m and spending of $963k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $723k to $1.0m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Key to Life 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 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Henry County Senior Citizens Inc ($1.0m), Free Yezidi Foundation ($1.0m) and Childrens Bereavement Center of the Rio Grande Valley Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $83k (8.6% of expenses). Other salaries and wages came to $542k. At year end it held assets of $242k against liabilities of $288k, net assets of -$46k. It reported 41 employees.