Lifechronicles Inc

Analysis

Lifechronicles Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 1996, 30 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 2023, Lifechronicles Inc reported income of $106k and spending of $105k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $123k to $106k (-14%), an average of -14% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifechronicles Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Wolf Education and Research Center ($106k), Association of SD Weed & Pest Boards ($106k) and National Assistance League ($106k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $72k against liabilities of $201k, net assets of -$129k.