Live Center Residential Inc

Analysis

Live Center Residential Inc is a registered charity in United States, based in Lemmon, SD. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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, Live Center Residential Inc reported income of $50k and spending of $43k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $50k (-11%), an average of -11% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Live Center Residential Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 14th percentile within SD. Charities of a similar size with the same main cause include PTA Oklahoma Congress ($50k), Patriots for Warriors ($50k) and Vision Ministries Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $52k against liabilities of $60k, net assets of -$8,162.