LA Vida Felicidad Inc

Analysis

LA Vida Felicidad Inc is a registered charity in United States, based in Los Lunas, NM. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LA Vida Felicidad Inc reported income of $6.3m and spending of $5.6m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $6.3m (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Vida Felicidad Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include El Buen Samaritano Episcopal Mission ($6.3m), Sansbury Care Center Inc ($6.4m) and Apano Communities United Fund ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $354k (6.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.2m against liabilities of $1.8m, net assets of $3.4m. It reported 87 employees.