My Life Foundation Inc

Analysis

My Life Foundation Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, My Life Foundation Inc reported income of $357k and spending of $361k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19k to $357k (+1786%), an average of +108% a year. The sharpest change came in the year to December 2020, when income rose by 202%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, My Life Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Prevent Alzheimers Disease 2020 ($357k), Richmond-Ermet Foundation ($357k) and Impact Autism Foundation Inc ($357k).

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 $31k (8.7% of expenses). At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 6 employees.