Life Ready Inc

Analysis

Life Ready Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ready Inc reported income of $331k and spending of $350k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $297k to $331k (+12%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Ready Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Progressive Community Center the Peoples Church ($331k), Undivided Heart Inc ($331k) and Danang Foundation Corp ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $123k (35% of expenses). Other salaries and wages came to $136k. At year end it held assets of $98k against liabilities of $5,575, net assets of $93k. It reported 6 employees.