Lifebridge Center for Hope Inc

Analysis

Lifebridge Center for Hope Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifebridge Center for Hope Inc reported income of $293k and spending of $484k, spending 165% of what it took in. Over the whole period it spent 165% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifebridge Center for Hope Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Recovery Community Foundation of Forsyth Inc ($293k), Allo Hope Foundation ($293k) and Hemophilia Association of the Capital Area ($293k).

At year end it held assets of $21.4m against liabilities of $21.9m, net assets of -$543k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.