Lifebridge of South Carolina

Analysis

Lifebridge of South Carolina is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifebridge of South Carolina reported income of $262k and spending of $198k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $262k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifebridge of South Carolina sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Hands and Feet Foundation Inc ($262k), Togetherness US ($262k) and Hampstead Womens Club Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $48k (24% of expenses). Other salaries and wages came to $54k. At year end it held assets of $116k against liabilities of $563, net assets of $115k. It reported 4 employees.