Quick charity verification for Lifespire Inc (EIN: 132526022)
Verdict: Lifespire Inc appears trustworthy
80/100Mission Score
$102.7MRevenue
$154.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% reported for Officer Compensation, which may obscure actual leadership remuneration without further detail.
Significant increase in liabilities from $53.8M to $90.3M between 202106 and 202306, requiring further investigation into its nature.
Strengths
Consistent revenue generation, with recent periods showing revenues exceeding expenses (e.g., $105.6M revenue vs. $97.7M expenses in 202306).
Strong asset growth, increasing from $86.5M in 202106 to $148.2M in 202306, indicating financial stability and capacity.
Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance and transparency.
Operating in a critical NTEE code (P820) for residential care, indicating a focus on direct service to a vulnerable population.
Spending Breakdown
How Lifespire Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lifespire Inc
Is Lifespire Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifespire Inc (EIN: 132526022) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Lifespire Inc a good charity to donate to?
Lifespire Inc has a Mission Score of 80/100. Revenue: $102.7M. Assets: $154.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lifespire Inc?
The Employer Identification Number (EIN) for Lifespire Inc is 132526022. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lifespire Inc spend its money?
Lifespire Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lifespire Inc's tax-exempt status?
You can verify Lifespire Inc's tax-exempt status using EIN 132526022 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lifespire Inc. demonstrates a generally stable financial position, with revenues consistently exceeding expenses in recent years, as seen in the 202306 filing where revenue was $105,657,615 against expenses of $97,765,946. The organization has also shown significant asset growth, increasing from $86,539,765 in 202106 to $148,222,008 in 202306, indicating a healthy accumulation of resources. However, the corresponding increase in liabilities, from $53,883,780 to $90,343,909 over the same period, warrants closer examination to understand the nature of these obligations.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent surplus of revenue over expenses in the last two periods suggests effective financial management. The organization's NTEE code P820 (Residential Care & Intermediate Care Facilities for the Mentally Retarded) indicates a focus on direct service delivery, which typically involves substantial program costs.
Transparency is a key aspect of nonprofit accountability. The provided data indicates that officer compensation has been reported as 0% across all available filings. While this could indicate that compensation is reported differently or that no officers meet the reporting threshold, it requires further investigation to ensure full transparency regarding leadership remuneration. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance.