Lifequest of Arkansas

Analysis

Lifequest of Arkansas is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifequest of Arkansas reported income of $274k and spending of $315k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $384k to $274k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifequest of Arkansas sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AR. Charities of a similar size with the same main cause include Gatherings Thrift ($274k), Families of the Wounded Fund Inc ($274k) and Digger Foods Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $72k (23% of expenses). Other salaries and wages came to $123k. At year end it held assets of $778k against liabilities of $45k, net assets of $733k. It reported 4 employees.