Foundations for Living Inc

Analysis

Foundations for Living Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1998, 28 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 December 2023, Foundations for Living Inc reported income of $73k and spending of $69k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $73k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundations for Living Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AL. Charities of a similar size with the same main cause include J W a S a International Ministries Inc ($73k), Sos Marriage Care ($73k) and Hastening Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.8% of the total. At year end it held assets of $43k against liabilities of $802, net assets of $42k.