Key Life Network Inc

Analysis

Key Life Network Inc is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in May 1986, 40 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 December 2023, Key Life Network Inc reported income of $1.7m and spending of $2.0m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+11%), an average of +2.6% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Life Network Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Big Brothers-Big Sisters of El Paso Inc ($1.7m), Boys & Girls Club of Camarillo ($1.7m) and Progressive Adult Rehabilitation Center Incorporated ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $326k (16% of expenses). Other salaries and wages came to $351k. At year end it held assets of $1.5m against liabilities of $126k, net assets of $1.4m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.