Livewell Alliance Inc

Analysis

Livewell Alliance Inc is a registered charity in United States, based in Plantsville, CT. It received its IRS tax-exemption ruling in October 1990, 36 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Livewell Alliance Inc reported income of $16.0m and spending of $18.6m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $18.4m to $16.0m (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Livewell Alliance Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Oklahoma Christian Schools Incorporated ($16.0m), Mercy Housing Northwest ($16.0m) and Community Action of Southest Iowa ($15.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $460k (2.5% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $55.3m against liabilities of $50.8m, net assets of $4.4m. It reported 266 employees.