Lifes Plan Inc

Analysis

Lifes Plan Inc is a registered charity in United States, based in Lisle, IL. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifes Plan Inc reported income of $542k and spending of $438k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $542k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifes Plan Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Megiddo Dream Station ($542k), Washington Street Community Center ($542k) and Meals on Wheels ($542k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.