Life Has No Boundaries Co

Analysis

Life Has No Boundaries Co is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in October 2018, 8 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, Life Has No Boundaries Co reported income of $225k and spending of $174k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $225k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Has No Boundaries Co sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Ezrat Chaim Inc ($225k), Nhhi-Asi Bloomington Inc ($226k) and Loan Coach Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $143k (82% of expenses). At year end it held assets of $115k against liabilities of $18k, net assets of $97k. It reported 3 employees.