Essential2life Inc

Analysis

Essential2life Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Essential2life Inc reported income of $200k and spending of $283k, spending 141% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $236k to $200k (-15%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Essential2life Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Extraordinary Mission ($200k), New Dharma ($200k) and Voice of Compassion Inc ($200k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (30% of expenses). Other salaries and wages came to $78k. At year end it held assets of $67k against liabilities of -$668, net assets of $67k. It reported 3 employees.