Foundation for a Better Life Inc

Analysis

Foundation for a Better Life Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation for a Better Life Inc reported income of $285k and spending of $303k, spending 107% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $267k to $285k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for a Better Life Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($285k), Coptic Medical Association of North America ($285k) and Retail Consumer Alliance Foundation Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $839k against liabilities of $0, net assets of $839k.