Lifeline Health Inc

Analysis

Lifeline Health Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover health care, 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 2022, Lifeline Health Inc reported income of $136k and spending of $1.2m, spending 901% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $4.3m to $136k (-97%), an average of -82% a year. The sharpest change came in the year to December 2020, when income rose by 587%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeline Health Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Society for Participatory Medicine ($136k), Kindred Center ($136k) and Bike 4 Life NFP ($136k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $191k (16% of expenses). Other salaries and wages came to $630k. At year end it held assets of $840k against liabilities of $251k, net assets of $588k.