Life Concepts Group Home I Inc

Analysis

Life Concepts Group Home I Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Life Concepts Group Home I Inc reported income of $104k and spending of $102k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $90k to $104k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Concepts Group Home I Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Novaco Inc ($104k), Fort Logan Cooperative Ministry ($104k) and General Service Area 28 ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $144k against liabilities of $258k, net assets of -$114k.