Life Center of Freeborn County Inc

Analysis

Life Center of Freeborn County Inc is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in February 2013, 13 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 Center of Freeborn County Inc reported income of $99k and spending of $89k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $99k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Center of Freeborn County Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($99k), Taos Arts Council ($99k) and Crisis Care Line ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 5.2% of the total. At year end it held assets of $261k against liabilities of $2,288, net assets of $259k.