Liveonny Inc

Analysis

Liveonny Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Liveonny Inc reported income of $81.7m and spending of $83.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.7m to $81.7m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Liveonny Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Sma Healthcare Inc ($81.7m), Upmc ($81.7m) and Penn Highlands Healthcare ($81.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.9m (7.1% of expenses). Other salaries and wages came to $38.1m. At year end it held assets of $79.8m against liabilities of $48.0m, net assets of $31.9m. It reported 480 employees.