Lifes Big Adventures Inc

Analysis

Lifes Big Adventures Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2021, 5 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, Lifes Big Adventures Inc reported income of $57k and spending of $36k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $57k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifes Big Adventures Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Phillis Wheatley Association of Cleveland Ohio ($57k), Bcalmed Inc ($57k) and The East Valley Community Foundation Incorporated ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.