Lifespan Incorporated

Analysis

Lifespan Incorporated is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1977, 49 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 June 2023, Lifespan Incorporated reported income of $19.3m and spending of $19.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.0m to $19.3m (-12%), an average of -3.2% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifespan Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Newcap Inc ($19.3m), Saint Joseph Pace ($19.3m) and Cri-Help Inc ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $751k (3.8% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $15.2m against liabilities of $4.2m, net assets of $11.0m. It reported 453 employees.