Beautiful Life

Analysis

Beautiful Life is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Beautiful Life reported income of $321k and spending of $254k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $383k to $321k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beautiful Life sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within NV. Charities of a similar size with the same main cause include First Baptist Housing Development Corporation I ($321k), Appalachian Opportunity Fund ($322k) and Cote Brilliante Presbyterian Church Housing Corporation ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $70k against liabilities of $22k, net assets of $48k.