Life Centers Inc

Analysis

Life Centers Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Life Centers Inc reported income of $2.6m and spending of $2.2m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.6m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Centers Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Little Sisters of the Poor of Cincinnati ($2.6m), Journeys Counseling Ministry ($2.7m) and Gaia Home ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $216k (9.8% of expenses). Other salaries and wages came to $932k. At year end it held assets of $2.8m against liabilities of $787k, net assets of $2.0m. It reported 32 employees.