Lifeline Foundation

Analysis

Lifeline Foundation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. 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 December 2023, Lifeline Foundation reported income of $536k and spending of $142k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $536k (+384%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 213%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifeline Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Hellenic Society Paideia Inc ($536k), Stafford County Vocational Education Foundation Inc ($536k) and Land of Lincoln Honor Flight ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $3.4m against liabilities of $6,488, net assets of $3.4m.