Live Red Foundation Inc
EIN: 822358116 · Richmond, VA · NTEE: N60
| Metric | Value |
|---|---|
| Total Revenue | $431K |
| Total Expenses | $257K |
| Net Assets | $342K |
Is Live Red Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Live Red Foundation Inc
Live Red Foundation Inc (EIN: 822358116) is a nonprofit organization based in Richmond, VA, classified under NTEE code N60. The organization reported total revenue of $431K and total assets of $408K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Live Red Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Live Red Foundation Inc is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 100.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $257K |
| Surplus / Deficit | +$5K |
| Total Assets | $344K |
| Total Liabilities | $3K |
| Net Assets | $342K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, Live Red Foundation Inc reported a surplus of $5K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Live Red Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 100.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +69.3% | +28.7% |
| 2022 | -10.5% | -17.8% | +20.1% |
| 2021 | +42.0% | +50.6% | +29.4% |
| 2020 | +11.1% | +77.7% | +43.9% |
| 2019 | +155.1% | +217.0% | +194.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Live Red Foundation 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 Live Red Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Live Red Foundation Inc
Is Live Red Foundation Inc a legitimate charity?
Live Red Foundation Inc (EIN: 822358116) is a registered tax-exempt nonprofit based in Virginia. It has 7 years of IRS 990 filings on record. Total revenue: $431K. No red flags identified. Financial health grade: A.
How does Live Red Foundation Inc spend its money?
Live Red Foundation Inc reported $431K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Live Red Foundation Inc tax-deductible?
Live Red Foundation Inc is registered as a tax-exempt nonprofit (EIN: 822358116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Live Red Foundation Inc located?
Live Red Foundation Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 822358116. It is classified under NTEE code N60.
How many years of IRS 990 filings does Live Red Foundation Inc have?
Live Red Foundation Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $431K in total revenue.
Filing History
IRS 990 filing history for Live Red Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Live Red Foundation Inc's revenue has grown by 6378.7%, moving from $4K to $262K. Total assets increased by 8426.1% over the same period, from $4K to $344K. In its most recent filing year (2023), Live Red Foundation Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $3K in liabilities against $344K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $342K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $257K | $344K | $3K | — | — |
| 2022 | $209K | $151K | $268K | $1K | — | — |
| 2021 | $233K | $184K | $223K | $14K | — | View 990 |
| 2020 | $164K | $122K | $172K | $12K | — | — |
| 2019 | $148K | $69K | $120K | $768 | — | View 990 |
| 2018 | $58K | $22K | $41K | $469 | — | View 990 |
| 2017 | $4K | $0 | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $257K, and assets of $344K (revenue +25.5% year-over-year).
- 2022: Revenue of $209K, expenses of $151K, and assets of $268K (revenue -10.5% year-over-year).
- 2021: Revenue of $233K, expenses of $184K, and assets of $223K (revenue +42.0% year-over-year).
- 2020: Revenue of $164K, expenses of $122K, and assets of $172K (revenue +11.1% year-over-year).
- 2019: Revenue of $148K, expenses of $69K, and assets of $120K (revenue +155.1% year-over-year).
- 2018: Revenue of $58K, expenses of $22K, and assets of $41K (revenue +1332.5% year-over-year).
- 2017: Revenue of $4K, expenses of $0, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Live Red Foundation Inc:
Data Sources and Methodology
This transparency report for Live Red Foundation 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.