Lifesouth Community Foundation Inc

Analysis

Lifesouth Community Foundation Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in February 2011, 15 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 May 2023, Lifesouth Community Foundation Inc reported income of $437k and spending of $348k, leaving 20% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $240k to $437k (+82%), an average of +22% a year. The sharpest change came in the year to May 2022, when income rose by 284%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifesouth Community Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Edwards County Senior Activity Center Inc ($437k), Eastern Appalachian Teen Challenge Inc ($437k) and Impact Compassion Center Tri-Cities ($437k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Other salaries and wages came to $6,840. At year end it held assets of $206k against liabilities of $35k, net assets of $170k.