Life Work Planning Center Board Inc

Analysis

Life Work Planning Center Board Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in August 1979, 47 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 June 2024, Life Work Planning Center Board Inc reported income of $385k and spending of $375k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $261k to $385k (+47%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Life Work Planning Center Board Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Neighborhood Hands ($385k), Wild Accelerator ($385k) and West End Community Empowerment Project of Lexington Inc ($385k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $144k (38% of expenses). Other salaries and wages came to $121k. At year end it held assets of $194k against liabilities of $46k, net assets of $148k. It reported 6 employees.