Overview
What is Living Advantage Inc?
Living Advantage Inc, based in Los Angeles, California, is a nonprofit organization that collaborates with the County of Los Angeles Probation Department and the Los Angeles Unified School District. Their mission is to leverage innovative technology, collaboration, and media to combat the rising unemployment and homelessness among foster care youth. Through their initiatives, they aim to enhance educational attainment for students, families, and community participants, exposing them to various fields such as Science, Technology, Engineering, Arts/Agriculture, and Mathematics. The organization also provides job training and career assistance, helping participants secure permanent employment. With a dedicated workforce of 17 individuals, Living Advantage Inc strives to make a positive impact on the lives of foster care youth, aiming to reduce the nationwide statistics associated with this population.
Official website here: www.livingadvantageinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Living Advantage Inc has received a score of 74%, indicating a mixed assessment of its accountability and financial practices. The organization demonstrates notable strengths, including 100% independent board members and a strong program expense ratio of 85.89%. This suggests that a significant portion of their budget is allocated directly to programs rather than administrative costs. However, the lack of financial statements has impacted their overall score, highlighting a significant area for improvement.
User feedback reflects a positive impact of the organization on foster youth, with a specific focus on providing access to essential identification documents. A member of the public described their experience as fulfilling and emphasized the importance of the services offered by Living Advantage in empowering youth for future opportunities. This indicates that the organization's mission resonates well with its supporters and beneficiaries.
Despite its strengths, Living Advantage may need to enhance its financial transparency to improve its rating further. Providing comprehensive financial statements could help build trust and credibility with potential donors. Overall, while the organization shows strong commitment to its mission, addressing financial reporting could strengthen its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Living Advantage Inc legitimate?
Living Advantage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Living Advantage Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $91,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,055
For more financial information, click here
Official website here: www.livingadvantageinc.org
What is the mission statement of Living Advantage Inc?
Living Advantage Inc's mission is centered around utilizing innovative technology, collaboration, and media to significantly reduce the alarming unemployment and homelessness rates among foster care youth on a national level. By collaborating with the County of Los Angeles Probation Department and the Los Angeles Unified School District, they have successfully engaged students, families, and community participants, leading to improved educational attainment and exposure to STEAM (Science, Technology, Engineering, Arts/Agriculture, and Mathematics) subjects. Furthermore, they provide job training and career assistance to participants, helping them secure permanent employment.
Official website here: www.livingadvantageinc.org
Who is the CEO of Living Advantage Inc?
Pamela Clay is the Treasurer of Living Advantage Inc.
Official website here: www.livingadvantageinc.org
What is the revenue of Living Advantage Inc?
Living Advantage Inc's revenue in 2022 was $749,106.
Official website here: www.livingadvantageinc.org
Who are the executives of Living Advantage Inc and what are their salaries?
The average compensation at Living Advantage Inc during 2022 was $10,033. There are 17 employees and 24 volunteers at Living Advantage Inc.
Here are 6 key members and their salaries:
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- Compensation: $60,150
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- Compensation: $31,360
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Official website here: www.livingadvantageinc.org
Where can I find the form 990 for Living Advantage Inc?
Living Advantage Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.livingadvantageinc.org
Learn more at the official website: www.livingadvantageinc.org
Mission Statement of Living Advantage Inc
Living Advantage Inc, a nonprofit organization, is dedicated to reducing foster care unemployment and homelessness through innovative technology collaboration and media. Their mission is to tackle the escalating statistics of foster youth nationwide and the underlying issues stemming from the foster care system. By collaborating with the County of Los Angeles Probation Department and Los Angeles Unified School District, Living Advantage Inc successfully engages students, families, and community participants, encouraging higher educational achievements and exposing them to fields such as Science, Technology, Engineering, and Arts/Agriculture and Mathematics (STEM). Furthermore, the organization provides training in job and career skills, helping participants secure permanent employment.
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Impact
July, 2024
Living Advantage Inc's impact is seen in its successful engagement of students, families, and community participants in achieving higher educational attainment and exposure to STEM and Arts/Agriculture subjects. Through collaborations with the County of Los Angeles Probation Department and Los Angeles Unified School District, the organization not only provides educational opportunities but also trains program participants in job and career skills, assisting them in finding permanent employment. By utilizing innovative technology and media, Living Advantage Inc is actively working towards reducing foster care unemployment and homelessness, ultimately addressing the systemic issues faced by foster youth nationwide.
This information is meant to be a general summary of Living Advantage Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $660,649
- Gross Receipts: $749,106
Assets and Liabilities:
- Total Assets: $254,038
- Total Liabilities: $149,900
- Net Assets: $104,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Revenue
Revenue
$180,649
Like Kind
Revenue
$480,000
Organization Details
Founding Year
1993
Phone
(323) 731-6471Principal Officer
Pamela Clay
Main Address
7095 W Hollywood Blvd Ste 726, Los Angeles, CA, 90028
Website
www.livingadvantageinc.orgNTEE Category
Code: T30 - Philanthropy
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