Lifeskills Inc

Analysis

Lifeskills Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Lifeskills Inc reported income of $97.9m and spending of $97.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.8m to $97.9m (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeskills Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Virginia Garcia Memorial Health Center ($97.8m), Neighborcare Health ($97.9m) and Daymark Recovery Services Inc ($97.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $806k (0.8% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $45.6m against liabilities of $12.4m, net assets of $33.2m. It reported 728 employees.