Foundation for a Beautiful Life

Analysis

Foundation for a Beautiful Life is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for a Beautiful Life reported income of $97k and spending of $89k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $97k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 182%. Over the whole period it spent 141% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for a Beautiful Life sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Friends Helping Friends Club Inc ($97k), New Light Consultants Inc ($97k) and Circle of Change ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $217k against liabilities of $179k, net assets of $38k.