Lifeology Az Inc

Analysis

Lifeology Az Inc is a registered charity in United States, based in Phoenix, AZ. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lifeology Az Inc reported income of $835k and spending of $759k, spending 91% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $236k to $835k (+253%), an average of +253% a year. The sharpest change came in the year to December 2022, when income rose by 253%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeology Az Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Mission Plus One ($835k), Orphan Care Alliance Inc ($835k) and Morrow County Agricultural Society Inc ($835k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $52k against liabilities of $52k, net assets of $0.