El Grupo Vida Inc

Analysis

El Grupo Vida Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2006, 20 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, El Grupo Vida Inc reported income of $513k and spending of $594k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $387k to $513k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Grupo Vida Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include J E W E L Foundation ($513k), Healthy Native Communities Partnership Inc ($513k) and Hug Mission Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $288k. At year end it held assets of $67k against liabilities of $75k, net assets of -$7,794.