Lifeline for Families Inc

Analysis

Lifeline for Families Inc is a registered charity in United States, based in Grand Prairie, TX. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Lifeline for Families Inc reported income of $469k and spending of $450k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $469k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lifeline for Families Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Mha Merton House LLC ($468k), Home Solutions of Davidson County NC Inc ($469k) and Habitat for Humanity International Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $140k. At year end it held assets of $948k against liabilities of $0, net assets of $948k. It reported 2 employees.