Life Center Corporation

Analysis

Life Center Corporation is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in April 2016, 10 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 December 2023, Life Center Corporation reported income of $96k and spending of $84k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $119k to $96k (-20%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Center Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within GA. Charities of a similar size with the same main cause include New York Association of Emerging & Multicultural Providers Inc ($96k), Kasinadhuni Durgamba Butchiah Inc ($96k) and Community Food Pantry ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $0 against liabilities of $0, net assets of $0.