Life Academy Romania Inc

Analysis

Life Academy Romania Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in January 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, Life Academy Romania Inc reported income of $64k and spending of $62k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $64k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. 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, Life Academy Romania Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within GA. Charities of a similar size with the same main cause include Homes of Hope of Bedford County Inc ($64k), Fostering Family Hope ($64k) and Grass Roots Organization for the Well Being of Seniors Inc ($64k).

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 $28k against liabilities of $0, net assets of $28k.