Life Inc

Analysis

Life Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in August 1949, 77 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Inc reported income of $271k and spending of $276k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $271k (+163%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include International Association of Pancreatology ($271k), Fairways for Freedom Inc ($271k) and Alongside Network ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.