Overview
What is Life Source International Inc?
Life Source International Inc is a nonprofit organization dedicated to offering aid to underprivileged individuals. Their charitable activities encompass providing essentials such as food, clothing, and shelter, as well as medical treatment and counseling. Additionally, they facilitate educational opportunities and offer schooling to those in need. Their mission is to uplift and support underprivileged communities, striving to make a positive impact in various aspects of their lives.
Official website here: www.lifesourceinternational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 67%
Life Source International Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and transparency. The organization has a solid accountability score of 67% and demonstrates strengths such as having a fully independent board of directors, with all nine members being independent. Financially, it has shown a low liabilities to assets ratio at 0.00%, suggesting sound financial health in that regard.
However, there are significant areas of concern. The organization lacks key policies including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which could impact governance and accountability. Additionally, it has not made its financial statements readily available, which hinders transparency and public trust. Despite a reasonable program expense ratio of 68.52%, the absence of critical documentation and policies reflects a need for improvement in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Life Source International Inc legitimate?
Life Source International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Source International Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $143,426
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,849
For more financial information, click here
Official website here: www.lifesourceinternational.org
What is the mission statement of Life Source International Inc?
Life Source International, a charitable organization, is committed to assisting the underprivileged. Its mission is to offer essential services such as food, clothing, medical treatment, counseling, education, and housing to those in need. The organization works tirelessly to improve the living conditions and well-being of the less fortunate, providing them with the necessary resources to lead more fulfilling lives.
Official website here: www.lifesourceinternational.org
What is the revenue of Life Source International Inc?
Life Source International Inc's revenue in 2023 was $666,474.
Official website here: www.lifesourceinternational.org
Who are the executives of Life Source International Inc and what are their salaries?
The average compensation at Life Source International Inc during 2023 was $24,025. There are 11 employees and 1000 volunteers at Life Source International Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $28,976
- Related: $0
- Other: $23,611
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- Other: $0
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- Other: $0
- Compensation: $85,950
- Related: $0
- Other: $4,889
Official website here: www.lifesourceinternational.org
Where can I find the form 990 for Life Source International Inc?
Life Source International Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lifesourceinternational.org
Learn more at the official website: www.lifesourceinternational.org
Mission Statement of Life Source International Inc
Life Source International, a charitable organization, is dedicated to uplifting underprivileged individuals. Its mission is to extend aid in various forms, including food, clothing, medical treatment, counseling, educational opportunities, and temporary housing. This nonprofit organization strives to make a significant impact on the lives of those in need by providing essential resources and support.
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Impact
July, 2024
Life Source International Inc's impact is significant in providing essential charity services to benefit the underprivileged in Fayetteville, Arkansas. The organization goes beyond just addressing basic needs by offering food, clothing, medical treatment, counseling, schooling, and shelter to those in need. This holistic approach helps improve the well-being and quality of life for the individuals and families they serve, making a meaningful impact on their lives. Life Source International plays a key role in promoting human services and supporting vulnerable members of the community.
This information is meant to be a general summary of Life Source International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $675,720
Assets and Liabilities:
- Total Assets: $239,218
- Total Liabilities: $0
- Net Assets: $239,218
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Organization Details
Founding Year
2001
Principal Officer
Jimmy Conduff
NTEE Category
Code: P20 - Human services
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