Lifeline Productions Inc

Analysis

Lifeline Productions Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Lifeline Productions Inc reported income of $562k and spending of $822k, spending 146% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.0m to $562k (-46%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lifeline Productions Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Aloha Week Hawaii Inc ($562k), Lime Kiln Arts Inc ($563k) and Lincoln Symphony Foundation ($562k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $95k (12% of expenses). Other salaries and wages came to $335k. At year end it held assets of $464k against liabilities of $248k, net assets of $216k. It reported 118 employees.