Lifeways North America Inc

Analysis

Lifeways North America Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in May 2006, 20 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, Lifeways North America Inc reported income of $316k and spending of $285k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $316k (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeways North America Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within OK. Charities of a similar size with the same main cause include Indiana Blind Childrens Foundation Inc ($316k), Yupik Womens Coalition ($316k) and Jain Society of North Texas ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $70k (24% of expenses). Other salaries and wages came to $71k. At year end it held assets of $337k against liabilities of $86k, net assets of $251k. It reported 30 employees.