Life Network

Analysis

Life Network is a registered charity in United States, based in Peyton, CO. It received its IRS tax-exemption ruling in January 1986, 40 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 (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, Life Network reported income of $6.0m and spending of $4.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $6.0m (+181%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Network sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Teen Challenge Ranch of Northwest Arkansas Inc ($6.0m), 10 Acre Ranch Inc ($6.0m) and Sheldon Community Volunteer Fire & Rescue Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $206k (5.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.9m against liabilities of $771k, net assets of $7.1m. It reported 84 employees.