Life Center Foundation

Analysis

Life Center Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 Foundation reported income of $61k and spending of $68k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $61k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Center Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within NM. Charities of a similar size with the same main cause include Minn-Kota Mennonite Central Committee Relief Sale Inc ($61k), PTA Delaware Congress ($61k) and Equal Justice Foundation ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $359k against liabilities of $0, net assets of $359k.