My Own Life Foundation

Analysis

My Own Life Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, My Own Life Foundation reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $479k to $1.8m (+272%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Own Life Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Loaves & Fishes of the Rio Grande Valley Inc ($1.8m), Hope House of South Central Wisconsin Inc ($1.8m) and Young Womens Christian Association of Malden ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $282k against liabilities of $0, net assets of $282k. It reported 24 employees.