Life Center Incorporated

Analysis

Life Center Incorporated is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in November 1983, 43 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 September 2023, Life Center Incorporated reported income of $10.5m and spending of $10.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.2m to $10.5m (-6.6%), an average of -1.7% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Center Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Food Bank Coalition of San Luis Obispo County ($10.5m), Area Agency on Aging of Western Arkansas Inc ($10.5m) and Bronx Family Network Inc ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $121k (1.1% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $4.2m against liabilities of $1.7m, net assets of $2.5m. It reported 342 employees.