Lifesavers Foundation

Analysis

Lifesavers Foundation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifesavers Foundation reported income of $1.7m and spending of $2.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $954k to $1.7m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifesavers Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Christian Community Placement Center ($1.7m), Gateway House Inc ($1.7m) and Savelife Foundation USA ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $160k (7.4% of expenses). Other salaries and wages came to $621k. At year end it held assets of $673k against liabilities of $470k, net assets of $203k. It reported 21 employees.