L I F E Inc

Analysis

L I F E Inc is a registered charity in United States, based in Farmington, MO. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2023, L I F E Inc reported income of $5.8m and spending of $5.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.8m (+26%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, L I F E Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Easterseals Central & Southeast Ohio Inc ($5.8m), Life Deeds Inc ($5.8m) and Healthy Start of North Central Florida Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 83% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $3.4m against liabilities of $627k, net assets of $2.7m. It reported 119 employees.