Live2540 Inc

Analysis

Live2540 Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Live2540 Inc reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Live2540 Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include First Community Foundation Inc ($2.2m), Jefferson Community Foundation ($2.2m) and Friends of the Cornell Lab of Ornithology Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $162k (7.7% of expenses). Other salaries and wages came to $198k. At year end it held assets of $867k against liabilities of $176k, net assets of $691k. It reported 12 employees.