Lifewell

Analysis

Lifewell is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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 September 2023, Lifewell reported income of $41.6m and spending of $47.1m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $47.3m to $41.6m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifewell sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Support Our Troops Inc ($41.6m), East Valley Community Health Center Inc ($41.6m) and Baldwin Family Health Care ($41.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $736k (1.6% of expenses). Other salaries and wages came to $26.1m. At year end it held assets of $49.4m against liabilities of $23.6m, net assets of $25.9m. It reported 661 employees.