Life Together Nicaragua Inc

Analysis

Life Together Nicaragua Inc is a registered charity in United States, based in Coldwater, MI. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Life Together Nicaragua Inc reported income of $222k and spending of $251k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $259k to $222k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Together Nicaragua Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Rio Grande Down Syndrome Network ($222k), Operation Conquest ($222k) and Fostering Families Inc ($222k).

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 $35k (14% of expenses). At year end it held assets of $28k against liabilities of $6,955, net assets of $21k. It reported 2 employees.