Life Center for Spiritual Growth

Analysis

Life Center for Spiritual Growth is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1982, 44 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 June 2024, Life Center for Spiritual Growth reported income of $243k and spending of $243k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $244k to $243k (-0.4%), an average of -0.4% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Center for Spiritual Growth sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Digital Business Research Corp ($242k), Village at Germantown Foundation ($243k) and U S Land Conservancy Inc ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $51k (21% of expenses). Other salaries and wages came to $70k. At year end it held assets of $117k against liabilities of $14k, net assets of $102k. It reported 13 employees.