Lifespan Foundation

Analysis

Lifespan Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lifespan Foundation reported income of $694k and spending of $3.3m, spending 468% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $356k to $694k (+95%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 1714%. Over the whole period it spent 48% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifespan Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Raymond Ambulance Inc ($694k), Vineyard House Inc ($695k) and Singing River Health System Foundation ($694k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $12.4m against liabilities of $15k, net assets of $12.4m.