Lifetime Resources Inc

Analysis

Lifetime Resources Inc is a registered charity in United States, based in Dillsboro, IN. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Lifetime Resources Inc reported income of $6.0m and spending of $5.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.0m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifetime Resources Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Nashua Childrens Home ($6.0m), Grapevine Relief and Community Exchange ($6.0m) and Footsteps Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $85k (1.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.1m against liabilities of $2.2m, net assets of $4.9m. It reported 129 employees.