Life Relaunch

Analysis

Life Relaunch is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Life Relaunch reported income of $410k and spending of $392k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $228k to $410k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Relaunch sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Care Center of Jackson Inc ($410k), Koins for Kenya Inc ($410k) and Virginia Service Foundation ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (19% of expenses). At year end it held assets of $167k against liabilities of $3,150, net assets of $164k. It reported 1 employees.