Lifecycle Building Center Inc

Analysis

Lifecycle Building Center Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Lifecycle Building Center Inc reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $1.7m (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifecycle Building Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Jackson Leadership Foundation ($1.7m), Rio Grande Child Development Center & Family Services ($1.7m) and Friends Child Care Center ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $71k (6.6% of expenses). Other salaries and wages came to $439k. At year end it held assets of $4.8m against liabilities of $897k, net assets of $3.9m. It reported 18 employees.