Lifeways Inc

Analysis

Lifeways Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2023, Lifeways Inc reported income of $997k and spending of $730k, leaving 27% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $753k to $997k (+32%), an average of +7.3% a year. The sharpest change came in the year to May 2022, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lifeways Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within SD. Charities of a similar size with the same main cause include Bizstarts Milwaukee Inc ($997k), Boys & Girls Clubs of the Leech Lake Area Inc ($999k) and Tennessee Valley Robotics ($996k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $72k (9.9% of expenses). Other salaries and wages came to $444k. At year end it held assets of $1.5m against liabilities of $2,232, net assets of $1.5m. It reported 16 employees.