Life House Incorporated

Analysis

Life House Incorporated is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 1996, 30 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 (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 House Incorporated reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Life House Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include West Springfield Boys & Girls Club Inc ($3.1m), People-Providing Equal Opportunities Promoting Learning ($3.1m) and Horizons Atlanta Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $186k (5.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.7m against liabilities of $165k, net assets of $3.6m. It reported 59 employees.