Life Skills Training and Educational Programs Inc

Analysis

Life Skills Training and Educational Programs Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Skills Training and Educational Programs Inc reported income of $18.0m and spending of $14.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.4m to $18.0m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Life Skills Training and Educational Programs Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Carrfour Supportive Housing Inc ($18.0m), Quality Senior Housing Foundaton Inc ($18.0m) and Milwaukee Habitat for Humanity ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $339k (2.3% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $19.1m against liabilities of $1.1m, net assets of $18.0m. It reported 409 employees.