Life Navigators Inc

Analysis

Life Navigators Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 Navigators Inc reported income of $2.2m and spending of $2.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.2m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Navigators Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Wakulla Senior Citizens Council Inc ($2.2m), Berkshire United Way Inc ($2.2m) and The Corliss Institute Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $233k (9.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.0m against liabilities of $147k, net assets of $3.8m. It reported 34 employees.