Lifepoint Inc

Analysis

Lifepoint Inc is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifepoint Inc reported income of $106k and spending of $214k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $106k (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifepoint Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($106k), Quincy Trojan Booster Club ($106k) and Father John Judie Ministries Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 83% of the total. Other salaries and wages came to $157k. At year end it held assets of $438k against liabilities of $6,755, net assets of $432k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.