The Lifespace Foundation

Analysis

The Lifespace Foundation is a registered charity in United States, based in Coppell, TX. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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, The Lifespace Foundation reported income of $4.8m and spending of $4.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.8m (+329%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 228%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lifespace Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Altamed Foundation ($4.8m), Chicago Cubs Charities ($4.8m) and Treasure Valley Transit Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $8.3m against liabilities of $52k, net assets of $8.2m.