Lifepoints Corp

Analysis

Lifepoints Corp is a registered charity in United States, based in Cashiers, NC. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lifepoints Corp reported income of $502k and spending of $329k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $667k to $502k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifepoints Corp sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Read Ministries Inc ($502k), Forcharlotte Inc ($502k) and Haven of Hope Ministry ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $4.5m against liabilities of $2.3m, net assets of $2.3m.