Life INC EIN 86-0096773 Form 990 (PDF) Claim this org

Life INC FY2021 filing

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Provides home therapeutic and personal care services for children. For fiscal year 2021 it reported $175K in revenue, $165K in expenses, and $42K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Mesa, AZ
Filings
5 on file (2020–2021)
Revenue
$175KFY2021
Expenses
$165K
Net assets
$42K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-0096773 Public charity (501(c)(3)) Mesa, AZ
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides home therapeutic and personal care services for children.
Leadership
Michael Fitzgerald · President
Money in and out
$175K revenue, $165K expenses
Bottom line
100% program efficiency
Where the money goes · FY2021
Total revenue
$175K
Pt VIII · Ln 12
Total expenses
$165K
Pt IX · Ln 25
Net assets
$42K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$175K
FY2021▲ +49%
Expenses
$165K
FY2021▲ +78%
Total assets
$42K
FY2021▲ +32%
Total liabilities
$0
FY2021
Total revenue
$175K
Pt VIII · Ln 12
Total expenses
$165K
Pt IX · Ln 25
Net assets
$42K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$42K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLife INC
EINHdr · item D86-0096773
Principal addressHdr · item CMesa, AZ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50Z)
Ruling yearIRS BMFAug 1949

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $165K of program spending, described in the organization's own filed words · FY2021.
01

Early Intervention Programs

Approximately 6 children

$165Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$175K
Contributions & grants$426
Total revenueLn 12$175K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$165K
Total functional expensesLn 25$165K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$42K
Total liabilitiesLn 26$0
Total net assetsLn 32$42K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $165K
3.1 months
Where the money goes
Program services
Program services $165K · Total expenses $165K
100%
Management & General
Management & general $0 · Total expenses $165K
0%
Fundraising
Fundraising $0 · Total expenses $165K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $450
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $426 · Total revenue $175K
0.2%
Government reliance
Government grants — · Total revenue $175K
Earned-income share
Program service revenue $175K · Total revenue $175K
100%
Investment reliance
Investment income $0 · Total revenue $175K
0%
Program self-sufficiency
Program service revenue $175K · Total expenses $165K
106%
Growth & trend
Revenue growth (YoY)
This year $175K · Prior year $117K
+49%
Net-asset trend (YoY)
End of year $42K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $175K · Expenses $165K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $42K
Net-asset ratio
Net assets $42K · Total assets $42K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Fitzgerald · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $165K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $165K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 49%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$237K revenue · ⤓ 990 PDF
FY2023$271K revenue · ⤓ 990 PDF
FY2022$198K revenue · ⤓ 990 PDF
FY2021$175K revenue · viewing · ⤓ 990 PDF
FY2020$117K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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