Life Start

Analysis

Life Start is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Start reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.7m (-14%), an average of -3.7% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Life Start sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Wildflyer Coffee ($1.7m), Job Training Center of Tehama ($1.7m) and Florence Crittenton Services Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $52k (2.9% of expenses). Other salaries and wages came to $458k. At year end it held assets of $666k against liabilities of $83k, net assets of $583k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.