Lifeline Child & Family Servicesinc

Analysis

Lifeline Child & Family Servicesinc is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in March 2007, 19 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, Lifeline Child & Family Servicesinc reported income of $853k and spending of $1.1m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $853k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifeline Child & Family Servicesinc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include S-Gap Inc ($853k), Growing Patch Learning Center Inc ($853k) and Soddy Daisy Food Bank Inc ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $100k (9.0% of expenses). Other salaries and wages came to $244k. At year end it held assets of $1.1m against liabilities of $525k, net assets of $587k. It reported 12 employees.