Lifenet Community Behavioral Healthcare

Analysis

Lifenet Community Behavioral Healthcare is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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 December 2023, Lifenet Community Behavioral Healthcare reported income of $168k and spending of $43k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $168k (-94%), an average of -50% a year. The sharpest change came in the year to December 2022, when income rose by 225%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifenet Community Behavioral Healthcare sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include T C U Wesley Foundation ($168k), T L C Trust Inc ($168k) and 410 Irish Den ($168k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $16k (37% of expenses). At year end it held assets of $401k against liabilities of $1,958, net assets of $399k. It reported 1 employees.