Life Deeds Inc

Analysis

Life Deeds Inc is a registered charity in United States, based in Landover, MD. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Deeds Inc reported income of $5.8m and spending of $5.8m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.8m (+180%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Deeds Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include L I F E Inc ($5.8m), Jewish Family Services of Delaware Inc ($5.8m) and Easterseals Central & Southeast Ohio Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $2.0m against liabilities of $1.5m, net assets of $482k.