Life Changes Inc

Analysis

Life Changes Inc is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in October 2012, 14 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 Changes Inc reported income of $1.3m and spending of $1.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $1.3m (+206%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 258%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Changes Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NV. Charities of a similar size with the same main cause include YWCA Corpus Christi ($1.3m), Nysd Housing Development Fund Company Inc ($1.3m) and Venezia Innovative Services ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $222k (17% of expenses). Other salaries and wages came to $187k. At year end it held assets of $1.0m against liabilities of $203k, net assets of $810k. It reported 12 employees.