Lifewise Inc

Analysis

Lifewise Inc is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2024, Lifewise Inc reported income of $35.3m and spending of $18.1m, leaving 49% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.7m to $35.3m (+2038%), an average of +84% a year. The sharpest change came in the year to June 2022, when income rose by 215%. Over the whole period it spent 60% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lifewise Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Onegoal ($33.6m), Police Athletic League Inc ($36.4m) and National 4-H Council ($31.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $295k (1.6% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $24.9m against liabilities of $0, net assets of $24.9m. It reported 962 employees.