Quick charity verification for Lifeway Center Inc (EIN: 202493166)
Verdict: Lifeway Center Inc appears trustworthy
85/100Mission Score
$1.1MRevenue
$406KAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which may warrant further investigation into how executive leadership is compensated or if it's a fully volunteer-run organization at the executive level for an organization of this size.
Strengths
Consistent IRS 990 filing history (12 filings) demonstrating transparency.
Minimal to zero liabilities reported in most recent filings, indicating strong financial health.
Stable revenue generation, generally exceeding $1 million annually.
Assets consistently maintained, providing a solid financial foundation (e.g., $422,179 in 2023).
Spending Breakdown
How Lifeway Center 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 Lifeway Center Inc
Is Lifeway Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifeway Center Inc (EIN: 202493166) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Lifeway Center Inc a good charity to donate to?
Lifeway Center Inc has a Mission Score of 85/100. Revenue: $1.1M. Assets: $406K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lifeway Center Inc?
The Employer Identification Number (EIN) for Lifeway Center Inc is 202493166. 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 Lifeway Center Inc spend its money?
Lifeway Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lifeway Center Inc's tax-exempt status?
You can verify Lifeway Center Inc's tax-exempt status using EIN 202493166 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
Lifeway Center Inc demonstrates a consistent operational history with revenues generally exceeding or closely matching expenses over the past decade, indicating stable financial management. For instance, in 2023, expenses were $1,145,850 against revenues of $1,054,250, showing a slight deficit, but this is not uncommon for a single year. The organization consistently reports zero liabilities in most recent filings, which is a strong indicator of financial health and low debt burden. Their assets have fluctuated but remained substantial, with $422,179 in 2023, suggesting a solid asset base relative to their annual revenue of over $1 million.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings on record. A notable aspect of their financial reporting is the consistent disclosure of 0% officer compensation across all available periods. This suggests either a volunteer-led executive team or compensation is reported under other expense categories, which would warrant further investigation for complete transparency. However, the absence of reported officer compensation directly on the 990s could be perceived as a positive for donors concerned about executive pay.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests an organization that manages its resources effectively to meet its mission. The consistent revenue generation, low liabilities, and absence of reported officer compensation point towards a fiscally responsible operation. To fully assess spending efficiency, a detailed breakdown of expenses would be necessary, but the available data indicates a well-managed nonprofit.