Lyfe Skills Collaboration Inc

Analysis

Lyfe Skills Collaboration Inc is a registered charity in United States, based in Winnsboro, LA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lyfe Skills Collaboration Inc reported income of $167k and spending of $165k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $167k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lyfe Skills Collaboration Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Caledonia Chaos Fastpitch ($167k), Cascade Rodeo Association Inc ($167k) and Hillgrove Basketball Booster Club ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.