Life Spring Network

Analysis

Life Spring Network is a registered charity in United States, based in Old Greenwich, CT. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Life Spring Network reported income of $99k and spending of $36k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $232k to $99k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Spring Network sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Vallejo Hindu Temple Inc ($99k), Urban Ministry Institute of Topeka ($99k) and Debre Genet Kidus Amanuel and Kidane Mehret Orthodox Church ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $30k (83% of expenses). At year end it held assets of $353k against liabilities of $647, net assets of $352k. It reported 1 employees.