Unfortunately, Life Asset Inc. has limited available public data.
Mission
The mission of life asset is to help alleviate poverty in the greater washington, dc area, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self- respect and expanding social and economic opportunities for lower income residents.
Basic Information
Founded in
2011
EIN
45-4737489
Total Assets
$6.927 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
65
64
/100
Program Expense Ratio
84.02%
16
/20
Program Revenue Growth
38.24%
18
/20
Leverage Ratio
0.3225
12
/20
Working Capital Ratio
3.605
16
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 2.162M | 91.23% |
| Program Services | 180.6K | 7.62% |
| Investment Income | 57 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 27.14K | 1.15% |
| Total Revenue | 2.37M | 100.00% |