Lifeline Center for Child Development

Analysis

Lifeline Center for Child Development is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in November 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifeline Center for Child Development reported income of $2.5m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifeline Center for Child Development sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Transformations by Austin Angels ($2.5m), New York Women in Film & Television Inc ($2.5m) and His Branches Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $461k (18% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.3m against liabilities of $281k, net assets of $8.1m. It reported 23 employees.