Lifehouse Inc

Analysis

Lifehouse Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in May 1960, 66 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 June 2023, Lifehouse Inc reported income of $31.8m and spending of $33.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.8m to $31.8m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 28%. 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, Lifehouse Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Self Enhancement Inc ($31.7m), Catholic Health System Infusion Pharmacy Inc ($31.8m) and Alexs Lemonade Stand Foundation ($31.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $376k (1.1% of expenses). Other salaries and wages came to $24.8m. At year end it held assets of $13.0m against liabilities of $5.8m, net assets of $7.2m. It reported 582 employees.