The Life Is Good Kids Foundation Inc

Analysis

The Life Is Good Kids Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Life Is Good Kids Foundation Inc reported income of $1.1m and spending of $1.9m, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.1m (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Life Is Good Kids Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include National Alliance of Faith and Justice ($1.1m), Devon 50 Inc ($1.1m) and Chartway Promise Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.6m against liabilities of $49k, net assets of $2.6m. It reported 16 employees.