Life Development Foundation

Analysis

Life Development Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Life Development Foundation reported income of $119k and spending of $60k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $57k to $119k (+110%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 1002%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Life Development Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within LA. Charities of a similar size with the same main cause include Cleveland 2030 District ($119k), Ecologists Without Borders ($119k) and Memphis and Shelby County Council on Aging Inc ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $527k against liabilities of $0, net assets of $527k.