Lyfe Three Inc

Analysis

Lyfe Three Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lyfe Three Inc reported income of $387k and spending of $379k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $421k to $387k (-8.1%), an average of -8.1% a year. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lyfe Three Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Pro Se Potential ($387k), Highlander Band Boosters Inc ($387k) and Fenwick Girls Hockey Club Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (14% of expenses). Other salaries and wages came to $189k. At year end it held assets of $104k against liabilities of $74k, net assets of $29k. It reported 14 employees.