Life on Belay Inc

Analysis

Life on Belay Inc is a registered charity in United States, based in Ofallon, MO. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Life on Belay Inc reported income of $1.5m and spending of $1.1m, leaving 28% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $283k to $1.5m (+421%), an average of +128% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life on Belay Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Learning Community of Pennsylvania ($1.5m), The Jcpenney Foundation ($1.5m) and New Creatures-In-Christ Ministries Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $132k (13% of expenses). Other salaries and wages came to $567k. At year end it held assets of $596k against liabilities of $13k, net assets of $583k. It reported 10 employees.