Lifesitenews Com Inc

Analysis

Lifesitenews Com Inc is a registered charity in United States, based in Front Royal, VA. It received its IRS tax-exemption ruling in October 2007, 19 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, Lifesitenews Com Inc reported income of $5.0m and spending of $4.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $5.0m (+151%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifesitenews Com Inc 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 92nd percentile within VA. Charities of a similar size with the same main cause include American Alpine Club ($5.0m), Braxton County Senior Citizen Center Inc ($5.0m) and The University of Texas Rio Grande Valley Foundation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $5.2m against liabilities of $73k, net assets of $5.2m. It reported 42 employees.