Lifeboat 14

Analysis

Lifeboat 14 is a registered charity in United States, based in RCH Cucamonga, CA. It received its IRS tax-exemption ruling in December 2007, 19 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, Lifeboat 14 reported income of $181k and spending of $132k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $119k to $181k (+51%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeboat 14 sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Minot Social Club for Exceptional Persons Inc ($181k), Elders First Adult Day Services Association ($181k) and Family Promise of York County Inc ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.