Life Family Center Inc

Analysis

Life Family Center Inc is a registered charity in United States, based in Lynbrook, NY. It received its IRS tax-exemption ruling in April 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 Family Center Inc reported income of $707k and spending of $853k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $707k (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Family Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Broadway for Arts Education Inc ($707k), Action for Older Persons Inc ($707k) and Collar Works ($707k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $499k (58% of expenses). Other salaries and wages came to $180k. At year end it held assets of $821k against liabilities of $652k, net assets of $168k. It reported 9 employees.