Gift of Life 5340 Foundation

Analysis

Gift of Life 5340 Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in February 2010, 16 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, Gift of Life 5340 Foundation reported income of $100k and spending of $146k, spending 146% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $556k to $100k (-82%), an average of -58% a year. The sharpest change came in the year to December 2022, when income dropped by 80%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gift of Life 5340 Foundation 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 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Society of St Vincent de Paul Queen of Angels Conference ($100k), New England Sci-Tech Inc ($100k) and Clean Living Learning Center ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.