Better Family Life Inc
EIN: 721577555 · New Orleans, LA · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $142K |
| Total Expenses | $144K |
| Net Assets | $950 |
Is Better Family Life Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Better Family Life Inc
Better Family Life Inc (EIN: 721577555) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A25. The organization reported total revenue of $142K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Better Family Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Better Family Life Inc is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2017–2022). Revenue has grown at a compound annual rate of 70.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $144K |
| Surplus / Deficit | $-1,950 |
| Total Assets | $3K |
| Total Liabilities | $2K |
| Net Assets | $950 |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 67.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2022, Better Family Life Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 67.2% (high leverage).
Financial Trends
Over 2 years of filings (2017–2022), Better Family Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 70.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1319.0% | +1338.5% | +289900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Better Family Life Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Better Family Life Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.2%.
Frequently Asked Questions about Better Family Life Inc
Is Better Family Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Better Family Life Inc (EIN: 721577555) insufficient data. 0 red flags identified, 0 strengths noted.
How does Better Family Life Inc spend its money?
Detailed spending breakdown data is not yet available for Better Family Life Inc. Check back for updated IRS 990 analysis.
Are donations to Better Family Life Inc tax-deductible?
Better Family Life Inc is registered as a tax-exempt nonprofit (EIN: 721577555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Better Family Life Inc located?
Better Family Life Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 721577555. It is classified under NTEE code A25.
How many years of IRS 990 filings does Better Family Life Inc have?
Better Family Life Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $142K in total revenue.
Filing History
IRS 990 filing history for Better Family Life Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2017–2022), Better Family Life Inc's revenue has grown by 1319%, moving from $10K to $142K. Total assets increased by 289900% over the same period, from $1 to $3K. Total functional expenses rose by 1338.5%, from $10K to $144K. In its most recent filing year (2022), Better Family Life Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $2K in liabilities against $3K in assets (debt-to-asset ratio: 67.2%), resulting in net assets of $950.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $142K | $144K | $3K | $2K | — | View 990 |
| 2017 | $10K | $10K | $1 | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Better Family Life Inc:
Data Sources and Methodology
This transparency report for Better Family Life Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.