Lifequest

Analysis

Lifequest is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in February 1978, 48 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, Lifequest reported income of $16.1m and spending of $15.2m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.6m to $16.1m (+51%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifequest sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within SD. Charities of a similar size with the same main cause include Human Resources Center Inc ($16.1m), Henrietta Weill Memorial Child Guidance Clinic ($16.1m) and Isaiah 117 House ($16.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Other salaries and wages came to $10.7m. At year end it held assets of $8.7m against liabilities of $2.3m, net assets of $6.4m. It reported 1,054 employees.