Life Challenge of Southeastern Michigan

Analysis

Life Challenge of Southeastern Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2004, 22 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 Challenge of Southeastern Michigan reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Challenge of Southeastern Michigan sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Carthage Area Rescue Squad Inc ($1.5m), Apm Outreach Inc ($1.5m) and Isuroon ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $134k (8.5% of expenses). Other salaries and wages came to $456k. At year end it held assets of $1.5m against liabilities of $9,329, net assets of $1.5m. It reported 30 employees.