Larger Than Life USA Inc

Analysis

Larger Than Life USA Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in September 2008, 18 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, Larger Than Life USA Inc reported income of $998k and spending of $1.3m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $998k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Larger Than Life USA Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Foster Adoptive Family Resource & Support Center ($998k), Modcon Living ($998k) and Kreative Kids Academy Inc ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $141k. At year end it held assets of $1.9m against liabilities of $40k, net assets of $1.8m. It reported 4 employees.