Life Investors Fortunaires Club Charitable Foundation Inc

Analysis

Life Investors Fortunaires Club Charitable Foundation Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in December 1968, 58 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, Life Investors Fortunaires Club Charitable Foundation Inc reported income of $127k and spending of $64k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $127k (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Life Investors Fortunaires Club Charitable Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Sertoma Inc ($127k), Portraits of Hope Inc ($127k) and Lower Flathead Valley Community Foundation Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $864k against liabilities of $0, net assets of $864k.