Live Rite Structured Recovery Corp

Analysis

Live Rite Structured Recovery Corp is a registered charity in United States, based in Roseville, MI. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Live Rite Structured Recovery Corp reported income of $1.4m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $1.4m (+235%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Live Rite Structured Recovery Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Foresight Affordable Housing of Pennsylvania Inc ($1.4m), Hale Mahaolu Akahi Inc ($1.4m) and Luminest Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $158k (12% of expenses). Other salaries and wages came to $530k. At year end it held assets of $1.1m against liabilities of $899k, net assets of $184k. It reported 37 employees.