Lifespring Residential Services Inc

Analysis

Lifespring Residential Services Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Lifespring Residential Services Inc reported income of $188k and spending of $143k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $181k to $188k (+4.1%), an average of +4.1% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifespring Residential Services 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 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Friends of Lake Forest Library Inc ($188k), El Camino Real District No 20 Ahepa Scholarship Fund ($188k) and Network Ministries ($188k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $391k against liabilities of $298k, net assets of $94k.