Life Net of Missoula

Analysis

Life Net of Missoula is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Life Net of Missoula reported income of $339k and spending of $295k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $339k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Net of Missoula sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MT. Charities of a similar size with the same main cause include Los Angeles Figure Skating Club Inc ($339k), Silo Mision Cristiana Inc ($339k) and Lima Rotary Foundation ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $54k (18% of expenses). Other salaries and wages came to $83k. At year end it held assets of $296k against liabilities of $3,271, net assets of $293k. It reported 6 employees.