Lifesong Inc

Analysis

Lifesong Inc is a registered charity in United States, based in Clifton Park, NY. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifesong Inc reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifesong Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Youthlink ($4.8m), Support Management ($4.8m) and United Jewish Council of the East Side Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $217k (4.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.3m against liabilities of $585k, net assets of $2.7m. It reported 57 employees.