Lifeskills Industries Inc

Analysis

Lifeskills Industries Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifeskills Industries Inc reported income of $305k and spending of $305k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $256k to $305k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 298%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lifeskills Industries Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Cohabitat Foundation ($304k), Lions Foundation of Arizona Inc ($305k) and Westfield Service League ($304k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $48k. At year end it held assets of $76k against liabilities of $52k, net assets of $25k. It reported 186 employees.