Life Teen Inc

Analysis

Life Teen Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in October 1989, 37 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 Teen Inc reported income of $14.1m and spending of $13.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.2m to $14.1m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Teen Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Community Transit of Deleware County Inc ($14.1m), Supportworks Housing ($14.1m) and Pathfinder Village Inc ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $714k (5.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $19.2m against liabilities of $4.1m, net assets of $15.1m. It reported 266 employees.