Life Resources of Northern Michigan Inc

Analysis

Life Resources of Northern Michigan Inc is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in October 2001, 25 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 Resources of Northern Michigan Inc reported income of $560k and spending of $426k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $560k (+20%), an average of +4.6% a year. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Resources of Northern Michigan Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Emanuel Community Center ($560k), Ahava Tree Ministries Inc ($560k) and Rose Hill Community Center ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $237k. At year end it held assets of $1.6m against liabilities of $26k, net assets of $1.5m. It reported 12 employees.