Listen4life Foundation

Analysis

Listen4life Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2021, Listen4life Foundation reported income of $55k and spending of $108k, spending 197% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $29k to $55k (+87%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Listen4life Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Savoyard Light Opera Co Inc ($55k), Fryderyk Chopin Society of Texas Inc ($55k) and Boulder Muse ($55k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $614k against liabilities of $303k, net assets of $312k.