Licensed for Life

Analysis

Licensed for Life is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Licensed for Life reported income of $100k and spending of $8,508, leaving 91% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $100k to $100k (+0.0%), an average of +0.0% a year. Over the whole period it spent 4.4% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Licensed for Life sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include South Dakota Perc Foundation ($100k), Crims Chapel Volunteer Fire Department Inc ($100k) and North Penn Goodwill Service Inc ($100k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.