Lifespan Corporation

Analysis

Lifespan Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lifespan Corporation reported income of $302.2m and spending of $294.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $240.4m to $302.2m (+26%), an average of +5.9% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifespan Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within RI. Charities of a similar size with the same main cause include Holland Community Hospital ($302.2m), Doctors Hospital Inc ($302.4m) and Careplus Bergen ($301.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.7m (1.9% of expenses). Other salaries and wages came to $114.0m. At year end it held assets of $253.0m against liabilities of $204.5m, net assets of $48.5m. It reported 1,419 employees.