Life Perspectives

Analysis

Life Perspectives is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2003, 23 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 Perspectives reported income of $1.6m and spending of $2.3m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $868k to $1.6m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 390%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Perspectives sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Family Builders Foster Care Inc ($1.6m), Dress for Success Arizona ($1.6m) and Center in the Park Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $348k (15% of expenses). Other salaries and wages came to $850k. At year end it held assets of $5.8m against liabilities of $2.5m, net assets of $3.4m. It reported 24 employees.