Live Like Jake Foundation Inc

Analysis

Live Like Jake Foundation Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in August 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 (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 Like Jake Foundation Inc reported income of $609k and spending of $548k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $609k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Live Like Jake Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Advocates Against Domestic Assault ($609k), Comunidades Unidas ($609k) and Assistance League of Salem-Keizer Oregon ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $72k (13% of expenses). At year end it held assets of $791k against liabilities of $1,500, net assets of $790k. It reported 3 employees.