Moving for Life Inc

Analysis

Moving for Life Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2014, 12 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, Moving for Life Inc reported income of $262k and spending of $306k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $275k to $262k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moving for Life Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Blanket Coverage ($262k), L I F E Ministries Inc ($262k) and Kennys Place of Marion County Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $4,240 (1.4% of expenses). Other salaries and wages came to $153k. At year end it held assets of $85k against liabilities of $116k, net assets of -$31k. It reported 8 employees.