Life Foundation Inc

Analysis

Life Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in January 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Foundation Inc reported income of $401k and spending of $659k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $401k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 436%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Foundation 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 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Buckskin Activities Alliance ($401k), Olmsted County Agricultural Association ($401k) and Conroe Isd Education Foundation ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $99k (15% of expenses). Other salaries and wages came to $157k. At year end it held assets of $4.4m against liabilities of $301, net assets of $4.4m. It reported 8 employees.