Low Income Family Enrichment Corporation

The Low Income Family Enrichment Corporation (LIFEC) is a nonprofit organization based in Aspen, Colorado. Established to address the needs of low-income families, LIFEC aims to alleviate the financial burdens on these families while enhancing their quality of life through various charitable endeavors.

Purpose and Mission

LIFEC's mission is to lessen the burden of government by reducing facility costs and providing support that complements existing government programs designed to serve individuals in need. The organization engages in activities that are classified under the public and society benefit category, focusing on multiple purposes such as charitable and social welfare activities[1][4].

Financial Overview

The organization is classified as a public charity under section 501(c)(3) of the Internal Revenue Code, which allows contributions to LIFEC to be tax-deductible for donors. The organization has reported various financial activities through its Form 990 filings:

• Total Assets: Approximately $20.4 million
• Total Liabilities: Approximately $14.7 million
• Revenue Sources: LIFEC generates income primarily through other sources, which accounted for over 99% of its total revenue in recent years[1].

Programs and Activities

LIFEC facilitates programs aimed at improving the lives of low-income families. These may include educational initiatives, health and wellness services, and support systems designed to foster community development. The organization often collaborates with governmental and private philanthropic institutions to maximize its impact on the community[3][4].

Recent Developments

As of March 2025, the organization continues to update its grant information and operational activities through regular filings with the Internal Revenue Service (IRS). LIFEC remains dedicated to its mission of supporting low-income families by leveraging both public funds and private donations to enhance community welfare[4][5].

Conclusion

The Low Income Family Enrichment Corporation plays a crucial role in supporting low-income families in Colorado. Through its extensive programs and community-oriented mission, it seeks to foster a supportive environment that enables families to thrive despite financial challenges.

[1] https://projects.propublica.org/nonprofits/organizations/260127611 [2] https://www.feedthelambsep.com [3] https://fconline.foundationcenter.org/fdo-grantmaker-profile/?key=LOWI012 [4] https://www.causeiq.com/organizations/low-income-family-enrichment-corporation,260127611/ [5] https://www.thelifefoundationus.org