Lifeflight Foundation

Analysis

Lifeflight Foundation is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Lifeflight Foundation reported income of $3.5m and spending of $7.5m, spending 213% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 148%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeflight Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Loma Linda Veterans Association for Research and Education ($3.5m), American Association for Dental Oral and Craniofacial Research ($3.5m) and Community Counseling & Wellness Centers Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. At year end it held assets of $6.8m against liabilities of $632k, net assets of $6.2m.