Live Well Foundation of South Lake

Analysis

Live Well Foundation of South Lake is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Live Well Foundation of South Lake reported income of $2.8m and spending of $45.7m, spending 1661% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $129.2m to $2.8m (-98%), an average of -62% a year. The sharpest change came in the year to December 2021, when income rose by 2794%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Live Well Foundation of South Lake sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Trinity Health Foundation ($2.8m), Life Care Residences Inc ($2.8m) and Lake Jackson Emergency Medical Services ($2.7m).

Compensation of current officers, directors and key employees was $136k (0.3% of expenses). At year end it held assets of $131.5m against liabilities of $31.4m, net assets of $100.2m. It reported 2 employees.