LA Vida Inc

Analysis

LA Vida Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, LA Vida Inc reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $1.3m (+174%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, LA Vida Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include International Gospel Outreach ($1.3m), Hope of Glory Ministries Inc ($1.3m) and Better Way Ministries ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $158k (14% of expenses). Other salaries and wages came to $360k. At year end it held assets of $1.2m against liabilities of $613k, net assets of $626k. It reported 10 employees.