Immediate Life Inc

Analysis

Immediate Life Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Immediate Life Inc reported income of $613k and spending of $376k, leaving 39% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $273k to $613k (+125%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Immediate Life Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Fargo-Moorhead Science Museum ($612k), Bay Area Houston Ballet & Theatre ($613k) and Historic Bethel Baptist Church Community Restoration Fund ($612k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $35k (9.4% of expenses). At year end it held assets of $491k against liabilities of $75k, net assets of $416k. It reported 2 employees.