Life Resources Community Outreach Inc

Analysis

Life Resources Community Outreach Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Resources Community Outreach Inc reported income of $150k and spending of $38k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $150k (+181%), an average of +181% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Resources Community Outreach Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include All Wheels Up Inc ($150k), Building Families for Tomorrow Inc ($150k) and Have Faith Community Development Corporation ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.