Life Rolls on Foundation

Analysis

Life Rolls on Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Rolls on Foundation reported income of $856k and spending of $533k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $809k to $856k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Rolls on Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Bergen Hatzalah Emergency Medical Services Inc ($856k), Fort Hudson Health System Inc ($857k) and Access for Community & Cultural Education Programs & Trainings ($856k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $241k (45% of expenses). Other salaries and wages came to $13k. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m. It reported 2 employees.