Life Changers Inc

Analysis

Life Changers Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Changers Inc reported income of $325k and spending of $319k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $439k to $325k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Life Changers Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Brave Maker ($325k), Sleepy Hollow Summer Theatre ($325k) and Walkgood Inc ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.0% of the total. Other salaries and wages came to $177k. At year end it held assets of $1.8m against liabilities of $1,066, net assets of $1.8m. It reported 5 employees.