Lifestream Inc

Analysis

Lifestream Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in June 2001, 25 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 June 2023, Lifestream Inc reported income of $34.9m and spending of $34.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.9m to $34.9m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifestream Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Whittier Street Health Center Committere Inc ($34.9m), Hillsboro Area Hospital Inc ($34.9m) and Frio Hospital Association ($34.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $274k (0.8% of expenses). Other salaries and wages came to $23.1m. At year end it held assets of $23.9m against liabilities of $9.4m, net assets of $14.6m. It reported 836 employees.