Lifespire Foundation Inc

Analysis

Lifespire Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lifespire Foundation Inc reported income of $163k and spending of $76k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $129k to $163k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lifespire Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Lakeshore Support Organization ($163k), Lsa Building Foundation ($163k) and Booker T Washington Foundation for Excellence ($163k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 123% of the total. Other salaries and wages came to $51k. At year end it held assets of $670k against liabilities of $456k, net assets of $214k. It reported 4 employees.