Life Tools Community Development Corporation

Analysis

Life Tools Community Development Corporation is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in April 2004, 22 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 December 2023, Life Tools Community Development Corporation reported income of $605k and spending of $532k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $605k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Tools Community Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Jordan Plaza Inc ($605k), Luv U Project in Memory of Carolyn C Mattingly Inc ($606k) and Growing Minds Academy Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $177k (33% of expenses). At year end it held assets of $896k against liabilities of $95k, net assets of $801k. It reported 5 employees.