Lifestream Charities Inc

Analysis

Lifestream Charities Inc is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lifestream Charities Inc reported income of $129k and spending of $130k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $129k (+331%), an average of +331% a year. The sharpest change came in the year to December 2023, when income rose by 331%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lifestream Charities Inc 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 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Worknet Inc ($129k), People of Praise of New York Inc ($129k) and Community Faith Outreach Ministries Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,069 against liabilities of $0, net assets of $4,069.