Life Charities Inc

Analysis

Life Charities Inc is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Charities Inc reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+27%), an average of +6.1% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Life Charities Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Hope to Opportunities Foundation ($1.4m), Hale Family Foundation ($1.4m) and Chaffee County Community Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.