Life Center Milwaukee Inc

Analysis

Life Center Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 2019, 7 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 Center Milwaukee Inc reported income of $282k and spending of $278k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $282k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Center Milwaukee Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Atip Foundation LLC ($282k), Mister Cares Foundation ($282k) and Crest Forest Senior Citizens Club Inc ($282k).

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 $100k (36% of expenses). Other salaries and wages came to $64k. At year end it held assets of $16k against liabilities of $0, net assets of $16k.