Life Skills Training Center Inc

Analysis

Life Skills Training Center Inc is a registered charity in United States, based in Le Mars, IA. It received its IRS tax-exemption ruling in August 1973, 53 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 Skills Training Center Inc reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Skills Training Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Kalamazoo Optimist Hockey Association Inc ($1.4m), Phoenix House Inc ($1.4m) and Crestmont School Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $56k (3.5% of expenses). Other salaries and wages came to $793k. At year end it held assets of $1.2m against liabilities of $99k, net assets of $1.1m. It reported 75 employees.