Life Span Home Inc

Analysis

Life Span Home Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2023, Life Span Home Inc reported income of $234k and spending of $48k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $23.5m to $234k (-99%), an average of -99% a year. The sharpest change came in the year to December 2023, when income dropped by 99%. Over the whole period it spent 0.2% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Span Home Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Healing Hands Resource Center ($234k), Bond Servants Inc ($234k) and One League Global Scholarship Fund ($234k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $25.3m against liabilities of $1.5m, net assets of $23.8m.