Lifetown Inc

Analysis

Lifetown Inc is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in May 2012, 14 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, Lifetown Inc reported income of $2.0m and spending of $901k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.0m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifetown Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Mercy House Inc ($2.0m), Envision Foundation Inc ($2.0m) and Opica Adult Day Program & Counseling Center ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $62k. At year end it held assets of $18.2m against liabilities of $1.8m, net assets of $16.4m.