Lifeway Programs Inc

Analysis

Lifeway Programs Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lifeway Programs Inc reported income of $599k and spending of $573k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $123k to $599k (+389%), an average of +121% a year. The sharpest change came in the year to June 2023, when income rose by 148%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeway Programs Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Guided Pathways - Support for Youth and Families ($599k), Empowerment Academy Inc ($599k) and Creek-A Middle School Youth Center ($599k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $392k (68% of expenses). At year end it held assets of $76k against liabilities of $76k, net assets of $0. It reported 23 employees.