Life Centers of Ventura County

Analysis

Life Centers of Ventura County is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Centers of Ventura County reported income of $339k and spending of $365k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $339k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Centers of Ventura County sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Loveland Inter Faith Effort ($338k), Washington State Farmers Market Association ($339k) and A Bond of Life Adoptions Louisiana Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $119k. At year end it held assets of $238k against liabilities of $2,549, net assets of $236k. It reported 7 employees.