The Living Bank International

Analysis

The Living Bank International is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, The Living Bank International reported income of $917k and spending of $860k, spending 94% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $334k to $917k (+174%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 292%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Living Bank International sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Recoverypeople ($917k), Holimont Snowsports Inc ($918k) and Smha Healthcare Inc ($917k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $103k (12% of expenses). Other salaries and wages came to $411k. At year end it held assets of $3.0m against liabilities of $28k, net assets of $3.0m. It reported 10 employees.