Lifetime Independence for Everyone Inc

Analysis

Lifetime Independence for Everyone Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 1988, 38 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 August 2023, Lifetime Independence for Everyone Inc reported income of $2.5m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.8m to $2.5m (-11%), an average of -3.0% a year. The sharpest change came in the year to August 2020, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifetime Independence for Everyone Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Partners in Careers ($2.5m), St Louis Park Emergency Program Inc ($2.5m) and Asian American Senior Citizens Service Center Inc ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of -$75k. It reported 33 employees.