Family Life Lifters Inc

Analysis

Family Life Lifters Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Family Life Lifters Inc reported income of $194k and spending of $187k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $194k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Family Life Lifters Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Jacksonville Main St ($194k), World Happiness Foundation Inc ($194k) and Spontaneous Celebrations Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $19k against liabilities of $2,333, net assets of $17k.