Functional Life Achievement Inc

Analysis

Functional Life Achievement Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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, Functional Life Achievement Inc reported income of $10.2m and spending of $10.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.5m to $10.2m (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Functional Life Achievement Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Rural Economic Assistance League Inc ($10.2m), Glen Arden Incorporated ($10.2m) and The Florida Center for Early Childhood Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $752k (7.0% of expenses). At year end it held assets of $28.9m against liabilities of $45k, net assets of $28.9m. It reported 76 employees.