Life Management Foundation Inc

Analysis

Life Management Foundation Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Life Management Foundation Inc reported income of $78k and spending of $50k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $44k to $78k (+77%), an average of +77% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 41% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Management Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include 100 Men Who Care in Clark County ($78k), Operation Black Hills Cabin ($78k) and Wyandot Community Connections Inc ($78k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.