Life Exchange Center

Analysis

Life Exchange Center is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Exchange Center reported income of $722k and spending of $762k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $722k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Exchange Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Autism Society of Maryland Inc ($722k), Psoriasis and Psoriatic Arthritis Clinics Multicenter Advancement Ne ($722k) and ALS United Nevada ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (8.8% of expenses). Other salaries and wages came to $195k. At year end it held assets of $1.1m against liabilities of $418k, net assets of $716k. It reported 19 employees.