Life Sail Inc

Analysis

Life Sail Inc is a registered charity in United States, based in Canoga Park, CA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Sail Inc reported income of $194k and spending of $92k, leaving 53% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Sail Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Lions Camp Horizon ($194k), Downtown Georgetown Revitalization Association ($194k) and Continental Ballet Company ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $202k against liabilities of $20k, net assets of $182k.