Lifesight

Analysis

Lifesight is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Lifesight reported income of $151k and spending of $330k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $151k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 145% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifesight sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within SD. Charities of a similar size with the same main cause include Commonwealth Cancer Association Inc ($151k), Genesee Valley Health Partnership Inc ($151k) and Eagle Rock Camp ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $92k (28% of expenses). Other salaries and wages came to $97k. At year end it held assets of $2.9m against liabilities of $106k, net assets of $2.7m. It reported 4 employees.