Live Red Foundation Inc

Analysis

Live Red Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Live Red Foundation Inc reported income of $262k and spending of $257k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $262k (+12%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Live Red Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Oben Soccer Club Inc ($262k), Johnson City Professional Firefighters Charitable Org ($262k) and Shawnee Park Foundation Incorporated ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 17% of the total. Other salaries and wages came to $102k. At year end it held assets of $344k against liabilities of $2,759, net assets of $342k. It reported 8 employees.