Lifespan Local Inc

Analysis

Lifespan Local Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lifespan Local Inc reported income of $2.9m and spending of $2.3m, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.4m to $2.9m (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lifespan Local Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Marmot Library Network Inc ($2.9m), High Point Chamber Foundation Inc ($2.9m) and San Antonio Foundation for Excellence in Education Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $352k (15% of expenses). Other salaries and wages came to $680k. At year end it held assets of $21.7m against liabilities of $4.6m, net assets of $17.1m. It reported 19 employees.