Lifequest Foundation

Analysis

Lifequest Foundation is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Lifequest Foundation reported income of $456k and spending of $459k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $419k to $456k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifequest Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within SD. Charities of a similar size with the same main cause include Montgomery Museum of Art & History ($456k), Tualatin Together ($456k) and Big Brothers Big Sisters of the Heart of Georgia Inc ($456k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.