Life Story Club

Analysis

Life Story Club is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 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 2023, Life Story Club reported income of $502k and spending of $522k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $321k to $502k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Story Club sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Spark Community Cafe Inc ($502k), Sin Barreras Without Barriers Inc ($502k) and Animal Services Foundation of Ventura County ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Other salaries and wages came to $378k. At year end it held assets of $121k against liabilities of $35k, net assets of $85k. It reported 5 employees.