Human Services
(P30)
IRS Verified
DX Registered
990 on File
LIFE CHALLENGE OF SOUTHEASTERN MICHIGAN
Financial strength (30%)
83/100
Reliability (20%)
55/100
Effectiveness (25%)
85/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Life Challenge exists to restore broken lives. We provide a nurturing environment where men and women with life-controlling addictions can come to realize their need for help. Our desire is that they will see their addiction not as the root of their problem but as a symptom of a greater problem – separation from God because of sin - and that the answer to the problem is saving faith in Jesus Christ. After one year, our hope is that these men and women will be productive members of society with restored family relationships, jobs, and a new sense of self-worth.
Financial Overview — FY 2024
$1.7M
Total Revenue
$1.5M
Total Expenses
$1.7M
Net Assets
21
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.4%
Fundraising Efficiency
138.1%
Operating Reserve
13.39x
Liability-to-Asset
0.5%
Revenue Diversification
76.5%
Executive Compensation
$135K
Compared with Peers
FY 2024
Compared with 7,588 similar organizations
(United States, Human Services, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.4% | 85.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.0% | 11.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.5% | 0.4% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
138.1% | 121.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.4 mo | 8.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.5% | 13.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
76.5% | 93.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
14.7% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-2.0% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
10.3% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.7M | $1.5M | $1.7M | 78.4% | 21 |
| 2023 | $1.5M | $1.6M | $1.5M | 78.8% | 30 |
| 2022 | $1.4M | $1.5M | $1.5M | 79.5% | 35 |
| 2021 | $1.9M | $1.5M | N/A | — | 36 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.