Lifesource Consultants Inc

Analysis

Lifesource Consultants Inc is a registered charity in United States, based in Ferguson, MO. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifesource Consultants Inc reported income of $500k and spending of $444k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $500k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifesource Consultants Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Growing Wings Inc ($500k), National Workforce Registry Alliance Inc ($500k) and Agape International Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $257k. At year end it held assets of $66k against liabilities of $0, net assets of $66k. It reported 11 employees.