Living Resources Corp

Analysis

Living Resources Corp is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Living Resources Corp reported income of $51.6m and spending of $51.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.6m to $51.6m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Resources Corp sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Chicago Commons Association ($51.5m), Emerge Inc ($51.6m) and SBCS Corporation ($51.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $437k (0.9% of expenses). Other salaries and wages came to $33.2m. At year end it held assets of $28.0m against liabilities of $17.6m, net assets of $10.4m. It reported 1,148 employees.