Life Choice Inc

Analysis

Life Choice Inc is a registered charity in United States, based in Russellville, KY. It received its IRS tax-exemption ruling in July 2016, 10 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, Life Choice Inc reported income of $373k and spending of $321k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $373k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Choice Inc 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 65th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Seacoast Eat Local Inc ($373k), Holmes County Home Auxiliary ($373k) and Pawnee Seed Preservation Society Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $186k. At year end it held assets of $786k against liabilities of $11k, net assets of $776k. It reported 7 employees.