Lifebridge Inc

Analysis

Lifebridge Inc is a registered charity in United States, based in Bailey, CO. It received its IRS tax-exemption ruling in July 2014, 12 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 Inc reported income of $283k and spending of $187k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $283k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifebridge Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Bishop Gallegos Maternity Home ($283k), The Community Survival Center Inc ($283k) and Lighthouse Shelter ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (26% of expenses). Other salaries and wages came to $7,853. At year end it held assets of $597k against liabilities of $403k, net assets of $193k. It reported 3 employees.