Lifescore Foundation

Analysis

Lifescore Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 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 (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, Lifescore Foundation reported income of $150k and spending of $157k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $150k (-13%), an average of -13% a year. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lifescore Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include General Federation of Womens Club ($150k), Dedham Square Circle Ltd ($150k) and Redlands Visitor Center ($150k).

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 $64k against liabilities of $0, net assets of $64k.