Live for 1 Inc

Analysis

Live for 1 Inc is a registered charity in United States, based in Glenwood, NM. It received its IRS tax-exemption ruling in June 2017, 9 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 (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 for 1 Inc reported income of $66k and spending of $93k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $66k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 116% 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 for 1 Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within NM. Charities of a similar size with the same main cause include Stone Valley Arts Inc ($66k), Paris Henry County Arts Council ($66k) and Dunn Area History Museum ($66k).

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 $26k against liabilities of $0, net assets of $26k.