Lifespan Inc

Analysis

Lifespan Inc is a registered charity in United States, based in Homestead, PA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lifespan Inc reported income of $5.7m and spending of $5.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 16%. 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, Lifespan Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Gateway ($5.7m), E C Canada & Associates Inc ($5.7m) and Target Hunger ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $219k (3.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.4m against liabilities of $2.2m, net assets of $2.3m. It reported 112 employees.