Lifescape Community Services Inc

Analysis

Lifescape Community Services Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Lifescape Community Services Inc reported income of $8.2m and spending of $8.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.9m to $8.2m (+67%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifescape Community Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Reach Counseling Services ($8.2m), Renaissance Social Services Inc ($8.2m) and Wesley House Family Services Inc ($8.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $331k (4.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $4.7m against liabilities of $3.5m, net assets of $1.2m. It reported 61 employees.