Living Well Group Inc

Analysis

Living Well Group Inc is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Living Well Group Inc reported income of $6.3m and spending of $6.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $6.3m (+8.4%), an average of +2.0% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Well Group Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Immerse Arkansas ($6.3m), Breedlove Foods Inc ($6.3m) and Journey Home Incorporated ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $88k (1.3% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.1m against liabilities of $6.6m, net assets of -$495k. It reported 195 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.