Foundation 4life Inc

Analysis

Foundation 4life Inc is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Foundation 4life Inc reported income of $526k and spending of $95k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $618k to $526k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation 4life Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Atlas of Sioux Center Ltd ($526k), Dumas House Corporation ($526k) and National Empowerment Center Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.