Lifestar Inc

Analysis

Lifestar Inc is a registered charity in United States, based in Exton, PA. It received its IRS tax-exemption ruling in June 2004, 22 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, Lifestar Inc reported income of $911k and spending of $898k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $911k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifestar Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Foundation for Dermatology Education ($911k), Waterfront Foundation Inc ($911k) and H-Cap Education Association Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $33k against liabilities of $149k, net assets of -$116k.