Lifegate Inc

Analysis

Lifegate Inc is a registered charity in United States, based in Monrovia, IN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lifegate Inc reported income of $268k and spending of $241k, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $263k to $268k (+1.5%), an average of +0.3% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifegate Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Washington Mongolian Church ($267k), Friends of Christian Education ($268k) and Revival in Galilee ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $84k (35% of expenses). Other salaries and wages came to $37k. At year end it held assets of $329k against liabilities of $81, net assets of $329k. It reported 3 employees.