Life Skills Centers Inc

Analysis

Life Skills Centers Inc is a registered charity in United States, based in Marine City, MI. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Skills Centers Inc reported income of $5.6m and spending of $5.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.1m to $5.6m (-21%), an average of -5.7% a year. The sharpest change came in the year to September 2020, when income dropped by 29%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Life Skills Centers Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Ouachita Enrichment Centers Inc ($5.6m), Arrow Child & Family Ministries ($5.6m) and Nci Affiliates Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $6.0m against liabilities of $778k, net assets of $5.2m. It reported 116 employees.