Live the Life Inc is a private foundation focused on Religion Related, based in FOREST, VA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.0M in total assets. In 2023, it awarded 2 grants totaling $30K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$1.0M
+77.3% YoY
Annual Giving
$30K
+476.4% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$15K
+764.6% YoY
Under IRS private-foundation payout rules, Live the Life Inc reported a distributable amount of $37K for 2023 — the minimum it must pay out in qualifying distributions.
About Live the Life Inc
Based on IRS filings
Live the Life Inc is a private foundation focused on Religion Related, based in FOREST, VA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.0M in total assets. In 2023, it awarded 2 grants totaling $30K.
Focus Areas
Ready to take the next step with Live the Life Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,005,775 | $567,406 | $586,679 |
| Revenue | $549,103 | $45,872 | $-206,520 |
| Expenses | $111,741 | $64,219 | $72,745 |
| Qualifying Distributions | $61,873 | $17,591 | $57,028 |
| Net Investment Income | — | — | — |
| Distributable Amount | $36,626 | $31,061 | $29,033 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Straight Street ($25,000), My Brothers Crossing ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Straight Street Roanoke, VA | troubled youth organization | $25,000 |
| My Brothers Crossing Boones Mill, VA | Gospel teaching ministry focused on forgiveness | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Barry Armstrong | President | 20 | $30,000 |
| Linda Armstrong | Secretary | 20 | $15,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Live the Life Inc?
Live the Life Inc is a private foundation focused on Religion Related, based in FOREST, VA. It holds $1.0M in total assets as of 2023.
How large is Live the Life Inc?
As of 2023, Live the Life Inc holds $1.0M in total assets with $549K in annual revenue. It awarded 2 grants totaling $30K in 2023.
Where does Live the Life Inc operate?
Live the Life Inc has awarded grants in Virginia.
What size grants does Live the Life Inc award?
In 2023, Live the Life Inc awarded 2 grants totaling $30K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Live the Life Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Live the Life Inc reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Live the Life Inc's EIN?
Live the Life Inc's EIN (Employer Identification Number) is 54-2041546. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Live the Life Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Wolf Family Charitable Trust
OAKTON, VA
Assets
$385K
Grants
5
Total Given
$189K
Stone Ridge Foundation
ALTAVISTA, VA
Assets
$6.4M
Grants
2
Total Given
$15K
Lawrence and Ira Straus Charitable Tr
ARLINGTON, VA
Assets
$236K
Grants
12
Total Given
$8K
Iraqi Children Foundation Inc
FAIRFAX, VA
Assets
$101K
Grants
2
Total Given
$610K
Heartfelt Humans
ASHBURN, VA
Assets
—
Grants
0
Total Given
—
Krumbein Charities Inc
RICHMOND, VA
Assets
$440K
Grants
14
Total Given
$34K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Live the Life Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Live the Life Inc to a real strategy.