Lifegate Services

Analysis

Lifegate Services is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifegate Services reported income of $163k and spending of $169k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $163k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifegate Services sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Team See Possibilities ($163k), Genesis Institute ($163k) and Transforming Individual Lives Today Tilt ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $1,553, net assets of $22k.