Lifeline Foundation Inc

Analysis

Lifeline Foundation Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in October 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Lifeline Foundation Inc reported income of $54k and spending of $89k, spending 165% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $401k to $54k (-86%), an average of -39% a year. The sharpest change came in the year to March 2022, when income dropped by 69%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeline Foundation Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within KY. Charities of a similar size with the same main cause include Unified Spectrum Inc ($54k), The Queen Center ($54k) and The Christopher Stone Fund ($54k).

Compensation of current officers, directors and key employees was $27k (31% of expenses). At year end it held assets of $780k against liabilities of $597, net assets of $779k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.