On with Life Inc

Analysis

On with Life Inc is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 June 2023, On with Life Inc reported income of $21.2m and spending of $17.8m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.7m to $21.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, On with Life Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Community Youth Center of San Francisco ($21.2m), Laboure College of Healthcare ($21.2m) and Housing Visions Unlimited Inc ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $828k (4.7% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $40.9m against liabilities of $22.4m, net assets of $18.5m. It reported 348 employees.