Lifehouse

Analysis

Lifehouse is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifehouse reported income of $155k and spending of $155k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $155k (-12%), an average of -12% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifehouse sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IA. Charities of a similar size with the same main cause include Identity Ministries Inc ($155k), The Tulsa Initiative Inc ($155k) and Community Food Pantry of Shenandoah Ia and Surrounding Area Inc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.