Failsafe for Life

Analysis

Failsafe for Life is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Failsafe for Life reported income of $121k and spending of $120k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $121k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Failsafe for Life sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Lifebridge Ministries ($121k), Hendersonville Rotary Foundation ($121k) and Creative Citizen Studios ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 3.8% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.