Lives in the Balance Inc

Analysis

Lives in the Balance Inc is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover social science, 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 2023, Lives in the Balance Inc reported income of $1.2m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $1.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lives in the Balance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Reading Symphony Orchestra Assn ($1.2m), Kuac Friends Group ($1.2m) and Woodland Opera House Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $90k (7.1% of expenses). Other salaries and wages came to $993k. At year end it held assets of $1.4m against liabilities of $90k, net assets of $1.3m. It reported 4 employees.