Lifecycles Inc

Analysis

Lifecycles Inc is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in May 2015, 11 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, Lifecycles Inc reported income of $206k and spending of $180k, spending 87% of its income. Across the 5 years on record, from June 2020 to December 2023, income fell from $225k to $206k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifecycles Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include John Schmid Common Ground Ministries Inc ($206k), Lotus Sea Samadhi Meditation Center ($206k) and Brenda Walsh Ministries ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (27% of expenses). Other salaries and wages came to $18k. At year end it held assets of $240k against liabilities of $2,769, net assets of $237k. It reported 2 employees.