Life Changing Community Outreach

Analysis

Life Changing Community Outreach is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2017, 9 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 December 2023, Life Changing Community Outreach reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $312k to $1.2m (+298%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Changing Community Outreach sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Community Resources for Independent ($1.2m), Freestore ($1.2m) and Ancop Foundation USA Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $230k (19% of expenses). Other salaries and wages came to $160k. At year end it held assets of $493k against liabilities of $493k, net assets of $0. It reported 16 employees.