Life Opportunities Unlimited a Non-Profit Corporation

Analysis

Life Opportunities Unlimited a Non-Profit Corporation is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in December 1995, 31 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 June 2023, Life Opportunities Unlimited a Non-Profit Corporation reported income of $4.4m and spending of $3.2m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Opportunities Unlimited a Non-Profit Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Reeves Foundation Inc ($4.4m), Independent Living Center of Southeast Missouri Inc ($4.4m) and Prairie Sunset Home Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $8.2m against liabilities of $179k, net assets of $8.0m. It reported 36 employees.