Life Needs Co Op Inc
Life Needs Co Op Inc: Steady Growth, Strong Program Spending, but Transparency Lacking
EIN: 222785818 · Gt Barrington, MA · NTEE: P80Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $4.7M |
| Program Spending | 85% |
| Net Assets | $473K |
| Transparency Score | 85/100 |
Is Life Needs Co Op Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Needs Co Op Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Needs Co Op Inc
Life Needs Co Op Inc (EIN: 222785818) is a nonprofit organization based in Gt Barrington, MA, classified under NTEE code P80Z. The organization reported total revenue of $4.9M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Needs Co Op Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Needs Co Op Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-197,710 |
| Total Assets | $3.5M |
| Total Liabilities | $3.0M |
| Net Assets | $473K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 86.3% |
| Months of Reserves | 8.8 months |
Financial Health Grade: C
In 2023, Life Needs Co Op Inc reported a deficit of $198K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 86.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Life Needs Co Op Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +7.3% | +206.9% |
| 2022 | +1.8% | +9.3% | -8.5% |
| 2021 | +7.4% | +15.0% | +28.3% |
| 2020 | +17.9% | +6.7% | +50.9% |
| 2019 | +22.8% | +24.2% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Needs Co Op 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 Needs Co Op 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 deficit of $198K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.3%.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided financial data, preventing an assessment of its reasonableness relative to the organization's size and mission.
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 Needs Co Op Inc's IRS 990 filings:
- Lack of readily available detailed program information beyond broad spending percentages.
- Absence of executive compensation details in the provided filings.
- Limited public transparency regarding governance and specific operational activities.
Strengths
The following positive indicators were identified for Life Needs Co Op Inc:
- Consistent revenue growth over the past several years, indicating stable support.
- High percentage of spending allocated to programs (85%), suggesting a strong focus on mission delivery.
- Healthy asset growth from $255,426 in 2016 to $3,141,494 in 2023.
Frequently Asked Questions about Life Needs Co Op Inc
Is Life Needs Co Op Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Needs Co Op Inc (EIN: 222785818) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Life Needs Co Op Inc spend its money?
Life Needs Co Op Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Life Needs Co Op Inc tax-deductible?
Life Needs Co Op Inc is registered as a tax-exempt nonprofit (EIN: 222785818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Life Needs Co Op Inc's spending goes to programs?
Life Needs Co Op Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Needs Co Op Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Life Needs Co Op Inc is above average for NTEE category P80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Needs Co Op Inc located?
Life Needs Co Op Inc is headquartered in Gt Barrington, Massachusetts and files with the IRS under EIN 222785818. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Life Needs Co Op Inc have?
Life Needs Co Op 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 $4.9M in total revenue.
What does Life Needs Co Op Inc do?
Life Needs Co Op Inc is a nonprofit organization in the Human Services sector, located in Gt Barrington, Massachusetts. It is classified under NTEE code P80Z.
How much revenue does Life Needs Co Op Inc have?
Life Needs Co Op Inc reported total revenue of $4,940,587. Based on 13 IRS 990 filings on record.
What are Life Needs Co Op Inc's total assets?
Life Needs Co Op Inc holds total assets of $3,141,494 as reported in IRS 990 filings.
Where is Life Needs Co Op Inc located?
Life Needs Co Op Inc is based in Gt Barrington, Massachusetts.
What is Life Needs Co Op Inc's EIN?
Life Needs Co Op Inc's Employer Identification Number (EIN) is 222785818. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Life Needs Co Op Inc?
Life Needs Co Op Inc is classified under NTEE code P80Z (Human Services).
Is Life Needs Co Op Inc a registered 501(c)(3)?
Yes, Life Needs Co Op Inc is recognized as a tax-exempt organization by the IRS. EIN: 222785818.
Does Life Needs Co Op Inc file IRS Form 990?
Yes, Life Needs Co Op Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Life Needs Co Op Inc's revenue in 2023?
In the 202306 filing period, Life Needs Co Op Inc reported total revenue of $4,521,104, total expenses of $4,718,814, and net assets of $3,451,646.
Is Life Needs Co Op Inc's revenue growing or declining?
Life Needs Co Op Inc's revenue is relatively stable. Revenue went from $4,337,701 (202206) to $4,521,104 (202306), a +4.2% change. Based on 13 filings on record.
What is Life Needs Co Op Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Life Needs Co Op Inc covers tax period 202306. It shows revenue of $4,521,104, expenses of $4,718,814, total assets of $3,451,646, and liabilities of $2,979,036.
How much does Life Needs Co Op Inc spend on programs vs administration?
Based on IRS 990 analysis, Life Needs Co Op Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Life Needs Co Op Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Life Needs Co Op Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Life Needs Co Op Inc?
The following concerns were identified: Lack of readily available detailed program information beyond broad spending percentages.. Absence of executive compensation details in the provided filings.. Limited public transparency regarding governance and specific operational activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Life Needs Co Op Inc's strengths?
Positive indicators for Life Needs Co Op Inc include: Consistent revenue growth over the past several years, indicating stable support.. High percentage of spending allocated to programs (85%), suggesting a strong focus on mission delivery.. Healthy asset growth from $255,426 in 2016 to $3,141,494 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Life Needs Co Op Inc compensate executives?
Executive compensation information is not disclosed in the provided financial data, preventing an assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, what specific strategies has Life Needs Co Op Inc employed to achieve this expansion, and how are these strategies reflected in their program offerings?
While the financial data shows strong growth, the specific strategies driving this expansion and their direct correlation to program offerings are not detailed in the provided filings. Further investigation into their strategic plans and program descriptions would be necessary.
With a significant portion of spending allocated to programs, what mechanisms are in place to measure the effectiveness and impact of these programs on the community in Gt Barrington, MA?
The provided financial data does not include information on program effectiveness metrics or impact assessment mechanisms. This would typically be found in annual reports, impact statements, or program evaluations, which are not available in the given dataset.
Filing History
IRS 990 filing history for Life Needs Co Op Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Life Needs Co Op Inc's revenue has grown by 862%, moving from $470K to $4.5M. Total assets increased by 1264.4% over the same period, from $253K to $3.5M. Total functional expenses rose by 900%, from $472K to $4.7M. In its most recent filing year (2023), Life Needs Co Op Inc reported a deficit of $198K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $3.5M in assets (debt-to-asset ratio: 86.3%), resulting in net assets of $473K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.7M | $3.5M | $3.0M | — | — |
| 2022 | $4.3M | $4.4M | $1.1M | $431K | — | View 990 |
| 2021 | $4.3M | $4.0M | $1.2M | $477K | — | View 990 |
| 2020 | $4.0M | $3.5M | $958K | $444K | — | View 990 |
| 2019 | $3.4M | $3.3M | $635K | $591K | — | View 990 |
| 2018 | $2.7M | $2.6M | $528K | $572K | — | View 990 |
| 2017 | $2.4M | $2.2M | $438K | $561K | — | View 990 |
| 2016 | $1.0M | $1.0M | $255K | $523K | — | View 990 |
| 2015 | $622K | $697K | $216K | $464K | — | View 990 |
| 2014 | $409K | $538K | $191K | $365K | — | View 990 |
| 2013 | $478K | $476K | $220K | $265K | — | View 990 |
| 2012 | $504K | $487K | $232K | $278K | — | View 990 |
| 2011 | $470K | $472K | $253K | $325K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.7M, and assets of $3.5M (revenue +4.2% year-over-year).
- 2022: Revenue of $4.3M, expenses of $4.4M, and assets of $1.1M (revenue +1.8% year-over-year).
- 2021: Revenue of $4.3M, expenses of $4.0M, and assets of $1.2M (revenue +7.4% year-over-year).
- 2020: Revenue of $4.0M, expenses of $3.5M, and assets of $958K (revenue +17.9% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.3M, and assets of $635K (revenue +22.8% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.6M, and assets of $528K (revenue +16.3% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.2M, and assets of $438K (revenue +132.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $255K (revenue +62.8% year-over-year).
- 2015: Revenue of $622K, expenses of $697K, and assets of $216K (revenue +51.9% year-over-year).
- 2014: Revenue of $409K, expenses of $538K, and assets of $191K (revenue -14.4% year-over-year).
- 2013: Revenue of $478K, expenses of $476K, and assets of $220K (revenue -5.1% year-over-year).
- 2012: Revenue of $504K, expenses of $487K, and assets of $232K (revenue +7.2% year-over-year).
- 2011: Revenue of $470K, expenses of $472K, and assets of $253K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Needs Co Op Inc:
Data Sources and Methodology
This transparency report for Life Needs Co Op 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.