Living Lchaim Inc

Analysis

Living Lchaim Inc is a registered charity in United States, based in Hewlett, NY. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Living Lchaim Inc reported income of $363k and spending of $318k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $210k to $363k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Living Lchaim Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Eastern Washington Community Dairy ($363k), Jackson Hill Main Street Management Corporation ($364k) and Franklin Simpson Renaissance ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $1,800. At year end it held assets of $155k against liabilities of $0, net assets of $155k. It reported 2 employees.