Innovative Lifestyles Inc

Analysis

Innovative Lifestyles Inc is a registered charity in United States, based in Clarkston, MI. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Innovative Lifestyles Inc reported income of $6.7m and spending of $6.1m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $6.7m (+44%), an average of +9.5% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Innovative Lifestyles Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Symmetry Care Inc ($6.7m), Physicians for a Healthy California ($6.7m) and Traverse Health Clinic & Coalition ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $237k (3.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $2.3m against liabilities of $911k, net assets of $1.4m. It reported 109 employees.