Lifeboat Inc

Analysis

Lifeboat Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Lifeboat Inc reported income of $56k and spending of $297k, spending 527% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.6m to $56k (-96%), an average of -67% a year. The sharpest change came in the year to December 2022, when income dropped by 96%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lifeboat Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within NV. Charities of a similar size with the same main cause include Heart & Mind Partnership Inc ($56k), Donate Your Time Inc ($56k) and Salisbury Haunted Woods ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.