Life Impact Network Inc

Analysis

Life Impact Network Inc is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in October 1989, 37 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, Life Impact Network Inc reported income of $89k and spending of $96k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $89k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Impact Network 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 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Alabama Society for Respiratory Therapy Inc ($89k), Northwestern Ohio and Southeastern Michigan Intergroup Association of ($89k) and Apostolic Asia Missions of Apostolic Faith Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $44k (46% of expenses). At year end it held assets of $127k against liabilities of $0, net assets of $127k.