Lifeshare Foundation

Analysis

Lifeshare Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 2017, 9 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifeshare Foundation reported income of $347k and spending of $411k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $751k to $347k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lifeshare Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within OK. Charities of a similar size with the same main cause include Impact 100 Traverse City Inc ($347k), Zohar Lemaan Hageula ($348k) and Talor Gooch Foundation Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $655k against liabilities of $163k, net assets of $492k.

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.