Lifebridge Health Inc

Analysis

Lifebridge Health Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifebridge Health Inc reported income of $317.4m and spending of $326.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $237.2m to $317.4m (+34%), an average of +7.6% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifebridge Health Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MD. Charities of a similar size with the same main cause include Michael J Fox Foundation for Parkinsons Research ($316.1m), Licking Memorial Hospital ($317.6m) and Community Hospitals of Indiana Inc ($314.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $15.9m (4.9% of expenses). Other salaries and wages came to $106.7m. At year end it held assets of $1.65bn against liabilities of $598.3m, net assets of $1.05bn. It reported 2,200 employees.