Life Equip

Analysis

Life Equip is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2020, 6 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 December 2023, Life Equip reported income of $72k and spending of $68k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $67k to $72k (+7.4%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Equip sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include National Archery Association of the United States ($72k), Tierra Antigua Hope Foundation ($72k) and PTA Texas Congress ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $1,325, net assets of $50k.