Lifeark Community Inc

Analysis

Lifeark Community Inc is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifeark Community Inc reported income of $56k and spending of $34k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $250k to $56k (-78%), an average of -53% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lifeark Community Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include L & S Housing Corporation ($56k), Herscher Townhouse Inc ($56k) and Pono Homes Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $213k against liabilities of $10k, net assets of $203k.