Lvtrise

Analysis

Lvtrise is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. 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 September 2023, Lvtrise reported income of $1.3m and spending of $2.2m, spending 177% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $502k to $1.3m (+150%), an average of +26% a year. The sharpest change came in the year to September 2020, when income rose by 145%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lvtrise sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Housing Capital Corporation of Virginia ($1.3m), Kansas Fairgrounds Foundation ($1.3m) and Martin de Porres Foundation ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $150k (6.8% of expenses). Other salaries and wages came to $195k. At year end it held assets of $2.4m against liabilities of $41k, net assets of $2.3m. It reported 17 employees.