Better Life Foundation Inc

Analysis

Better Life Foundation Inc is a registered charity in United States, based in Carmichael, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Better Life Foundation Inc reported income of $65k and spending of $69k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $65k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Better Life Foundation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Neighborhood Fellowship Compassion Clinic ($65k), The Georgia Foundation for Physical Therapy Inc ($65k) and H O P E Team Service Alliance Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $1,903 against liabilities of $0, net assets of $1,903.