Mylifespeaks

Analysis

Mylifespeaks is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Mylifespeaks reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-6.1%), an average of -1.6% a year. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mylifespeaks sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Nicaragua Resource Network Inc ($1.6m), Ret Americas Inc ($1.6m) and Association for the Advancement of International Education ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $106k (6.4% of expenses). Other salaries and wages came to $127k. At year end it held assets of $2.8m against liabilities of $28k, net assets of $2.7m. It reported 5 employees.