LA Vida Llena

Analysis

LA Vida Llena is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, LA Vida Llena reported income of $28.8m and spending of $28.9m, spending 101% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $30.4m to $28.8m (-5.4%), an average of -1.4% a year. 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, LA Vida Llena sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include Nysarc Inc ($28.8m), Rolling Green Village ($28.8m) and The Safe Alliance ($28.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $519k (1.8% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $152.0m against liabilities of $140.3m, net assets of $11.7m. It reported 369 employees.