Lifeworth Inc

Analysis

Lifeworth Inc is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lifeworth Inc reported income of $96k and spending of $103k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $96k (+23%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifeworth Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Chua Quan Am Kansas City Buddhist Association ($96k), One Heart-Many Hands Inc ($96k) and Key Ministry Foundation ($96k).

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 $0, net assets of $24k.