Livesafe Resources Inc

Analysis

Livesafe Resources Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in June 1960, 66 years ago. 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 June 2023, Livesafe Resources Inc reported income of $3.7m and spending of $3.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.7m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Livesafe Resources Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.7m), Common Impact Inc ($3.7m) and Boys & Girls Clubs of Southeast Virginia ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $167k (4.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.3m against liabilities of $1.2m, net assets of $4.1m. It reported 54 employees.