Life Center of the Suncoast Inc

Analysis

Life Center of the Suncoast Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 September 2023, Life Center of the Suncoast Inc reported income of $608k and spending of $195k, leaving 68% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $213k to $608k (+185%), an average of +185% a year. The sharpest change came in the year to September 2023, when income rose by 185%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Center of the Suncoast Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Friars Club Inc ($608k), Tompkins County Mental Health Association ($608k) and Big Step Inc ($608k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $133k. At year end it held assets of $524k against liabilities of $5,427, net assets of $518k.