Liveconnections Org

Analysis

Liveconnections Org is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Liveconnections Org reported income of $4.3m and spending of $5.3m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $872k to $4.3m (+391%), an average of +70% a year. The sharpest change came in the year to June 2021, when income rose by 218%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Liveconnections Org sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Diller-Quaile School of Music Inc ($4.3m), The Katharine Hepburn Cultural Arts Center Inc ($4.3m) and Strand-Capitol Performing Arts Center Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $292k (5.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.9m against liabilities of $4.5m, net assets of -$1.6m. It reported 114 employees.