The Foundation for Better Life Inc

990 • Fiscal year 2020 • EIN 45-2562542

Jan 01, 2020 to Dec 31, 2020

Organization Profile www.fblusa.org

Atlanta, GA

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

32%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

No value available

This filing does not contain officer compensation rows.

Source year 2020

52%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

-2.5%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Balance Sheet

Liabilities / Assets27th percentile

Assets

$586,244

Up $331,723 (+130%) from 2018

Net Assets

$586,244

Up $331,723 (+130%) from 2018

Liabilities

Flat

Flat from 2018

Revenue And Expenses

Liabilities / Revenue27th percentile Net Margin81st percentile

Revenue

Down

$253,819

Down $13,017 (-4.9%) from 2018

Expenses

$173,832

Up $173,547 (+60894%) from 2018

Net Income

Down

$79,987

Down $186,564 (-70%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2020

Assets$586,244

Liabilities$0

Net Assets$586,244

Open 2020 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2020

Revenue$253,819

Expenses$173,832

Net Income$79,987

Open 2020 Filing

Filing Detail Status

This 2020 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)

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Filing Snapshot

Filing Period: Jan 1, 2020 to Dec 31, 2020

Mission and Program Overview

Mission

Provide training and education to alleviate poverty and enhance household income.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Summary only. Only limited summary data is available for this year.

Open filing

Assets: $586,244
Liabilities: $0
Net assets: $586,244
Revenue: $253,819
Expenses: $173,832
Net income: $79,987

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.75	$0.00	$7.75	$4.55	$5.19	$0.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$8.39	$0.00	$8.39	$2.85	$3.03	$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$8.58	$0.00	$8.58	$3.78	$2.00	$1.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$6.80	$0.00	$6.80	$3.61	$2.68	$0.93
2020Summary only. Only limited summary data is available for this year.	$5.86	$0.00	$5.86	$2.54	$1.74	$0.80
2018Summary only. Only limited summary data is available for this year.	$2.55	$0.00	$2.55	$2.67	$0.00	$2.67
2017Summary only. Only limited summary data is available for this year.	$2.55	$0.00		$1.79	$0.57	$1.22
2016Summary only. Only limited summary data is available for this year.	$1.32	$0.00		$0.92	$0.48	$0.44
2015Summary only. Only limited summary data is available for this year.	$0.88	$0.00		$0.50	$0.21	$0.30