Life Adjustment Center Inc
Life Adjustment Center Inc shows consistent revenue growth and positive operating margins with no reported officer compensation.
EIN: 133620577 · New York, NY · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.2M |
| Total Expenses | $12.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $4.1M |
| Transparency Score | 85/100 |
Is Life Adjustment Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Adjustment Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Adjustment Center Inc
Life Adjustment Center Inc (EIN: 133620577) is a nonprofit organization based in New York, NY, classified under NTEE code B28Z. The organization reported total revenue of $13.2M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Adjustment Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Adjustment Center Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $12.0M |
| Surplus / Deficit | +$721K |
| Total Assets | $8.8M |
| Total Liabilities | $4.7M |
| Net Assets | $4.1M |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 53.6% |
| Months of Reserves | 8.8 months |
Financial Health Grade: A
In 2023, Life Adjustment Center Inc reported a surplus of $721K with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 53.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Life Adjustment Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | +7.3% | +38.8% |
| 2022 | +23.2% | +16.1% | +15.5% |
| 2021 | -7.2% | -11.5% | -1.0% |
| 2020 | -0.2% | +3.7% | +17.3% |
| 2019 | +6.0% | +7.6% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Adjustment Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Life Adjustment Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $721K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.6%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings from 2014 to 2023, which is highly unusual for an organization of this size with over $12 million in annual expenses. This suggests either a fully volunteer executive leadership or compensation structured in a manner not captured under 'officer compensation' on Part VII of the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Life Adjustment Center Inc's IRS 990 filings:
- No reported officer compensation for an organization with over $12 million in expenses, which is unusual and warrants further investigation into leadership compensation structure.
Strengths
The following positive indicators were identified for Life Adjustment Center Inc:
- Consistent revenue growth, increasing from $8.7 million in 2014 to $12.7 million in 2023.
- Positive operating margins in most years, indicating sound financial management (e.g., $720,999 surplus in 2023).
- Significant asset growth, nearly doubling from $4.9 million in 2014 to $8.8 million in 2023.
- High potential for program spending efficiency due to no reported officer compensation.
Frequently Asked Questions about Life Adjustment Center Inc
Is Life Adjustment Center Inc a legitimate charity?
Life Adjustment Center Inc (EIN: 133620577) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Life Adjustment Center Inc spend its money?
Life Adjustment Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Life Adjustment Center Inc tax-deductible?
Life Adjustment Center Inc is registered as a tax-exempt nonprofit (EIN: 133620577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Life Adjustment Center Inc CEO make?
Life Adjustment Center Inc's highest-compensated officer earns $12 annually. The organization reported $13.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Life Adjustment Center Inc's spending goes to programs?
Life Adjustment Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Adjustment Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Life Adjustment Center Inc is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Adjustment Center Inc located?
Life Adjustment Center Inc is headquartered in New York, New York and files with the IRS under EIN 133620577. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Life Adjustment Center Inc have?
Life Adjustment Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.2M in total revenue.
Is Life Adjustment Center Inc a good charity?
Based on its financial stability, consistent revenue growth, and positive operating margins, Life Adjustment Center Inc appears to be a well-managed organization. The absence of reported officer compensation is a unique characteristic that could indicate high efficiency or a different leadership compensation model.
How has Life Adjustment Center Inc's financial health changed over the past decade?
Life Adjustment Center Inc has demonstrated strong financial growth over the past decade, with annual revenue increasing from $8,734,554 in 2014 to $12,736,697 in 2023. Its assets have also nearly doubled from $4,972,222 to $8,800,146 in the same period, indicating a healthy accumulation of resources and expansion.
What is the significance of zero officer compensation?
The consistent reporting of zero officer compensation across all filings is highly significant for an organization of this scale. It suggests that the top leadership may be entirely volunteer-based, or that their compensation is structured in a way that is not reported as 'officer compensation' on the IRS Form 990, potentially contributing to lower administrative costs.
Filing History
IRS 990 filing history for Life Adjustment Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Life Adjustment Center Inc's revenue has grown by 43.9%, moving from $8.9M to $12.7M. Total assets increased by 54.2% over the same period, from $5.7M to $8.8M. Total functional expenses rose by 39.9%, from $8.6M to $12.0M. In its most recent filing year (2023), Life Adjustment Center Inc reported a surplus of $721K, with revenue exceeding expenses. The organization holds $4.7M in liabilities against $8.8M in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $12.0M | $8.8M | $4.7M | — | — |
| 2022 | $11.8M | $11.2M | $6.3M | $3.0M | — | View 990 |
| 2021 | $9.6M | $9.6M | $5.5M | $2.7M | — | — |
| 2020 | $10.3M | $10.9M | $5.5M | $2.7M | — | View 990 |
| 2019 | $10.3M | $10.5M | $4.7M | $1.2M | — | View 990 |
| 2018 | $9.7M | $9.8M | $4.9M | $1.2M | — | View 990 |
| 2017 | $9.8M | $9.7M | $4.8M | $1.1M | — | — |
| 2016 | $9.6M | $9.5M | $4.4M | $857K | — | View 990 |
| 2015 | $9.0M | $9.4M | $4.5M | $1.1M | — | View 990 |
| 2014 | $8.7M | $8.6M | $5.0M | $1.2M | — | View 990 |
| 2013 | $8.7M | $9.2M | $5.3M | $1.2M | — | View 990 |
| 2012 | $8.5M | $8.4M | $6.0M | $1.5M | — | View 990 |
| 2011 | $8.9M | $8.6M | $5.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $12.0M, and assets of $8.8M (revenue +8.1% year-over-year).
- 2022: Revenue of $11.8M, expenses of $11.2M, and assets of $6.3M (revenue +23.2% year-over-year).
- 2021: Revenue of $9.6M, expenses of $9.6M, and assets of $5.5M (revenue -7.2% year-over-year).
- 2020: Revenue of $10.3M, expenses of $10.9M, and assets of $5.5M (revenue -0.2% year-over-year).
- 2019: Revenue of $10.3M, expenses of $10.5M, and assets of $4.7M (revenue +6.0% year-over-year).
- 2018: Revenue of $9.7M, expenses of $9.8M, and assets of $4.9M (revenue -1.1% year-over-year).
- 2017: Revenue of $9.8M, expenses of $9.7M, and assets of $4.8M (revenue +2.4% year-over-year).
- 2016: Revenue of $9.6M, expenses of $9.5M, and assets of $4.4M (revenue +6.2% year-over-year).
- 2015: Revenue of $9.0M, expenses of $9.4M, and assets of $4.5M (revenue +3.6% year-over-year).
- 2014: Revenue of $8.7M, expenses of $8.6M, and assets of $5.0M (revenue -0.1% year-over-year).
- 2013: Revenue of $8.7M, expenses of $9.2M, and assets of $5.3M (revenue +2.3% year-over-year).
- 2012: Revenue of $8.5M, expenses of $8.4M, and assets of $6.0M (revenue -3.5% year-over-year).
- 2011: Revenue of $8.9M, expenses of $8.6M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Adjustment Center Inc:
Data Sources and Methodology
This transparency report for Life Adjustment Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.