Life Experiences Inc

Analysis

Life Experiences Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 2024, Life Experiences Inc reported income of $459k and spending of $158k, leaving 66% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $703k to $459k (-35%), an average of -8.2% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Experiences Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Weymouth Youth Hockey Inc ($459k), Bennett Housing Corporation ($459k) and Harpers Ferry Park Association ($459k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $54k (34% of expenses). At year end it held assets of $1.5m against liabilities of $28k, net assets of $1.5m. It reported 1 employees.