Beautiful Lives Project Inc

Analysis

Beautiful Lives Project Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Beautiful Lives Project Inc reported income of $231k and spending of $272k, spending 117% of what it took in. Across the 3 years on record, from May 2020 to May 2023, income grew from $213k to $231k (+8.6%), an average of +4.2% a year. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beautiful Lives Project Inc 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 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Bergelectric Charitable Foundation ($231k), Gordon Family Giving Foundation ($231k) and Chatham Education Foundation ($231k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $89k, net assets of -$89k.