Life Lane

Analysis

Life Lane is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Life Lane reported income of $247k and spending of $223k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $247k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Lane sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Christian Productions International ($247k), Ora Academy ($247k) and Deshis Hope International ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (32% of expenses). Other salaries and wages came to $119k. At year end it held assets of $28k against liabilities of $0, net assets of $28k.