The Gifted Living Institute Inc

Analysis

The Gifted Living Institute Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2021, 5 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, The Gifted Living Institute Inc reported income of $158k and spending of $158k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $204k to $158k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Gifted Living Institute Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Joy Comes ($158k), Beaufort Symphony Orchestra Inc ($158k) and PTA Florida Congress ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (21% of expenses). At year end it held assets of $204k against liabilities of $133k, net assets of $70k.