Life Promotions Inc

Analysis

Life Promotions Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Life Promotions Inc reported income of $4.2m and spending of $4.0m, spending 93% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $3.9m to $4.2m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to October 2021, when income rose by 169%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Life Promotions Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Reel Stories Teen Filmmaking Inc ($4.2m), Booker T Washington Community Service Center ($4.2m) and Elkhart County 4-H & Agricultural Exposition Inc ($4.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 51% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $237k (6.0% of expenses). Other salaries and wages came to $926k. It paid $5,000 in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $866k. It reported 30 employees.