Life Adventure Center Inc

Analysis

Life Adventure Center Inc is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Adventure Center Inc reported income of $1.7m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $679k to $1.7m (+157%), an average of +27% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Adventure Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Refugee Womens Network Inc ($1.7m), Gold Coast Veterans Foundation ($1.7m) and Kids Kasa Foster Care Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $109k (7.0% of expenses). Other salaries and wages came to $573k. At year end it held assets of $17.3m against liabilities of $983k, net assets of $16.3m. It reported 26 employees.