Lifeboat Addiction Recovery Services

Analysis

Lifeboat Addiction Recovery Services is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Lifeboat Addiction Recovery Services reported income of $205k and spending of $160k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $205k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeboat Addiction Recovery Services sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Good Death Foundation ($205k), Chick a Dee Acres Farm Inc ($205k) and 46 10 Ministries Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 90% of the total. Other salaries and wages came to $107k. At year end it held assets of $135k against liabilities of $82k, net assets of $53k.