Life Fund Inc

Analysis

Life Fund Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Fund Inc reported income of $81k and spending of $159k, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $288k to $81k (-72%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Fund Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Hidden Treasures Academy Inc ($81k), Cherry Park Elementary School PTO ($81k) and Tennessee World Affairs Council ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $3, net assets of $92k.