Live Life by Music Inc

Analysis

Live Life by Music Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2016, 10 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 2023, Live Life by Music Inc reported income of $82k and spending of $96k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $82k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Live Life by Music Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within NV. Charities of a similar size with the same main cause include Theatre Intrepide Inc ($82k), Group BR Limited ($82k) and Phoenix Theatre Inc of Bowling Green Kentucky ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $4,431, net assets of $12k.