Lifeforce in Later Years Inc

Analysis

Lifeforce in Later Years Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2009, 17 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, Lifeforce in Later Years Inc reported income of $265k and spending of $254k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $265k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeforce in Later Years Inc 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 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include We Care Foster Care Inc ($265k), Imtasik Family Counseling Services Inc ($265k) and Foundation House Ministries ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $36k (14% of expenses). At year end it held assets of $380k against liabilities of $0, net assets of $380k. It reported 7 employees.