Live Learn Innovate Foundation

Analysis

Live Learn Innovate Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Learn Innovate Foundation reported income of $362k and spending of $611k, spending 169% of what it took in. Across the 6 years on record, from July 2019 to December 2023, income fell from $506k to $362k (-29%), an average of -6.5% a year. The sharpest change came in the year to December 2020, when income rose by 17184%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Live Learn Innovate Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Vergilian Society Inc ($362k), Lanesville Heritage Weekend Inc ($362k) and Houston Childrens Chorus Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 181% of the total. Other salaries and wages came to $197k. At year end it held assets of $126k against liabilities of $0, net assets of $126k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.