Life Management Center of Northwest Florida Inc

Analysis

Life Management Center of Northwest Florida Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in December 1974, 52 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Management Center of Northwest Florida Inc reported income of $17.6m and spending of $18.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.3m to $17.6m (-17%), an average of -4.6% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Management Center of Northwest Florida Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Aspirus Eagle River Hospital Inc ($17.6m), Shannon West Texas Memorial Hospital ($17.6m) and Visiting Nurse Service and Hospice of Suffolk Inc ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $425k (2.3% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $13.3m against liabilities of $899k, net assets of $12.4m. It reported 296 employees.