Life Span of Palm Beach County

Analysis

Life Span of Palm Beach County is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in November 1993, 33 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 December 2023, Life Span of Palm Beach County reported income of $841k and spending of $897k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $791k to $841k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Span of Palm Beach County sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Care & Share Gift & Thrift Inc ($841k), The Disability Resource Center of the Rappahannock Area Inc ($841k) and Beat the Streets - Los Angeles Inc ($841k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $350k (39% of expenses). Other salaries and wages came to $259k. At year end it held assets of $1.6m against liabilities of $603k, net assets of $998k. It reported 17 employees.