Life Vision Works Inc

Analysis

Life Vision Works Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Life Vision Works Inc reported income of $56k and spending of $68k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $415 to $56k (+13437%), an average of +414% a year. The sharpest change came in the year to December 2021, when income rose by 4374%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Life Vision Works Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Sustainable Valley Group Inc ($56k), Bourbon Women Education Foundation Inc ($56k) and Priest Lake Memorial Gardens Inc ($56k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $660k against liabilities of $576k, net assets of $84k.