Lifehouse Inc

Analysis

Lifehouse Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2007, 19 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, Lifehouse Inc reported income of $713k and spending of $571k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $713k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lifehouse Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Palm Springs Senior Housing Inc ($712k), Ekklesia Inc ($713k) and TG 104 Inc ($712k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $293k. At year end it held assets of $1.7m against liabilities of $36k, net assets of $1.7m. It reported 24 employees.