Life Resources of Georgia Inc

Analysis

Life Resources of Georgia Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Resources of Georgia Inc reported income of $229k and spending of $258k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $240k to $229k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Resources of Georgia Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Danville Area Neca Ibew Electrical Joint Apprenticeship ($229k), Mothers for Awareness and Prevention of Drug Abuse Mapda ($229k) and Troup Cares Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). Other salaries and wages came to $87k. At year end it held assets of $49k against liabilities of $1,696, net assets of $47k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.