Living Room Center Inc

Analysis

Living Room Center Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Living Room Center Inc reported income of $3.4m and spending of $1.7m, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.1m to $3.4m (+215%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Room Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Gbapp Inc ($3.3m), Building One Community Corp ($3.4m) and Head Start of Eastern Orange County Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $226k (13% of expenses). Other salaries and wages came to $750k. At year end it held assets of $5.2m against liabilities of $914k, net assets of $4.3m. It reported 27 employees.