Life Senior Services Inc

Analysis

Life Senior Services Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 1978, 48 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 Senior Services Inc reported income of $9.7m and spending of $8.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $9.7m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Senior Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Raise the Future ($9.7m), Northwest Florida Area Agency on Aging Inc ($9.7m) and Ten Thousand Villages ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $395k (4.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $26.0m against liabilities of $769k, net assets of $25.3m. It reported 160 employees.