Life Styles Inc

Analysis

Life Styles Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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 2024, Life Styles Inc reported income of $11.3m and spending of $12.0m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.6m to $11.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Styles Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Weave Inc ($11.3m), American Legislative Exchange Council ($11.3m) and West Side Montessori School ($11.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $434k (3.6% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $6.5m against liabilities of $1.0m, net assets of $5.5m. It reported 380 employees.