Living Advantage Inc

Analysis

Living Advantage Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Advantage Inc reported income of $861k and spending of $729k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $861k (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Living Advantage Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Mater Dei Monarch Foundation ($860k), Barbour County Community Foundation Inc ($861k) and Pacers Basketball Corp Foundation Inc ($860k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $241k (33% of expenses). Other salaries and wages came to $32k. At year end it held assets of $382k against liabilities of $0, net assets of $382k.