The Better Life Foundation Inc

Analysis

The Better Life Foundation Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Better Life Foundation Inc reported income of $353k and spending of $206k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $353k (+26%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 1316%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Better Life Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Quarry Farm Foundation Inc ($353k), Rein Foundation Inc ($354k) and Baseballtown Charities ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $532k against liabilities of $24, net assets of $532k.