Life Force Arts Foundation Inc
Nonprofit profile at a glance
- EIN
- 363666937
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2008
- Location
- Chicago, IL, USA
- Phone
- 7733277224
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $35,857
- Expenses
- $33,537
- Assets
- $953
- Liabilities
- $4,829
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JOAN FOREST MAGE (PRESIDENT)
People named in this filing
- JOAN FOREST MAGE (PRESIDENT)
- BILL ENDSLEY (TREASURER)
- ERIN LENNON (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Creating spiritual awakening and transformation through the visual, literary and performing arts. We present spiritually based art exhibits, author book signings, performances of dance, music and theater, and workshops and panel discussions with artists of all spiritual traditions. Lfa defines spiritual art as art that flows from spiritual practice, art that strives to connect the audience with spirit, and art that creates spiritual healing, transformation, or awakening.
What it reported doing in 2024
Event expenses-activities include exhibits, performances, workshops, panel discussions, and online magazine and book signings that enabled participants to connect to the spiritual aspects of life. On average 25 events per month are held, serving over 8000 people.
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58%; rating input score 58
- Program expense ratio: 62%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 6.5%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.03; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 5.07; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -3.6% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -1.7% per year; rating input score 0; 45th percentile among comparable filings
- Asset growth: -19.6% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 58% of revenue deployed · 62% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $21K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Review — Sustainability: Operating margin scored 57/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.