The Life Center Complex Inc

Analysis

The Life Center Complex Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2009, 17 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 June 2023, The Life Center Complex Inc reported income of $2.8m and spending of $3.9m, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.8m (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Life Center Complex Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Foundation of the Pennsylvania Medical Society ($2.8m), Bone Health and Osteoporosis Foundation ($2.8m) and Greater Newark Health Care Coalition Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $317k (8.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.3m against liabilities of $256k, net assets of $3.0m. It reported 54 employees.