Lifecare Heritage Inc

Analysis

Lifecare Heritage Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifecare Heritage Inc reported income of $2.1m and spending of $2.5m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifecare Heritage Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Rogosin Institute at Methodist Home for Nursing and Rehabilitation LLC ($2.1m), Tidewater Emergency Medical Services Council Inc ($2.1m) and Hermanitas de Los Ancianos Desamparados Hogar Santa Marta ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $876k. At year end it held assets of $1.5m against liabilities of $49k, net assets of $1.5m. It reported 2 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.