Foundation for Life Enrichment Inc

Analysis

Foundation for Life Enrichment Inc is a registered charity in United States, based in Stanley, ND. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Life Enrichment Inc reported income of $66k and spending of $58k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $66k (-4.3%), an average of -4.3% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Life Enrichment Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 17th percentile within ND. Charities of a similar size with the same main cause include Channing and Popai Liem Educational Corporation ($66k), Sartell-St Stephen Prek-5 Parent Teacher Organization ($66k) and The Michael P Quinn Scholarship Fund Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 23% of the total. At year end it held assets of $379k against liabilities of $0, net assets of $379k.