Life Network of Southern Illinois

Analysis

Life Network of Southern Illinois is a registered charity in United States, based in Waterloo, IL. It received its IRS tax-exemption ruling in August 1993, 33 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 (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 Network of Southern Illinois reported income of $360k and spending of $321k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $360k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Network of Southern Illinois sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Medical Image Computing and Computer Assisted Intervention Soc ($360k), Pennies From Heaven Pittsburgh ($360k) and Labor Assistance Professionals NFP ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $62k (19% of expenses). Other salaries and wages came to $133k. At year end it held assets of $1.3m against liabilities of $125k, net assets of $1.2m. It reported 5 employees.