Lifeshare Network Inc

Analysis

Lifeshare Network Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lifeshare Network Inc reported income of $1.6m and spending of $29.6m, spending 1896% of what it took in. Over the whole period it spent 1896% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeshare Network Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Developmental Therapy Center Inc ($1.6m), Access and Nondiscrimination in the States Awareness Project ($1.6m) and Empire Hotel Eharc Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $2.6m (8.7% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $26.8m against liabilities of $8.8m, net assets of $18.0m. It reported 219 employees.