Live6 Alliance

Analysis

Live6 Alliance is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Live6 Alliance reported income of $1.8m and spending of $1.4m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Live6 Alliance sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Lat Workforce Investment Board Inc ($1.8m), Northwest Minority Supplier Development Council ($1.8m) and Sfmade ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.9m against liabilities of $291k, net assets of $1.6m. It reported 5 employees.