American Eagle Lifecare Corporation

Analysis

American Eagle Lifecare Corporation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Eagle Lifecare Corporation reported income of $70.2m and spending of $79.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $83.3m to $70.2m (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Eagle Lifecare Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Loretto Health and Rehabilitation Center ($70.1m), Rehabilitation Support Services Inc ($70.2m) and Lifestream Behavioral Center Inc ($70.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.6m (2.0% of expenses). Other salaries and wages came to $23.7m. At year end it held assets of $271.6m against liabilities of $271.3m, net assets of $348k. It reported 1,431 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.