Declining revenue trend: Revenue decreased from $35,291,739 in 2022 to $32,116,047 in 2023.
Increasing liabilities: Liabilities rose from $9,795,692 in 2022 to $13,721,811 in 2023, now representing 32% of assets.
Negative net income in 2021: Expenses ($26,096,317) exceeded revenue ($26,087,174) in 2021.
Strengths
Consistent high program spending: Over 80% of expenses consistently go to programs.
Strong asset base: Total assets of $42,546,824 in 2023 provide financial stability.
History of service: Long operational history indicated by available data back to 2016.
Spending Breakdown
How Lifeworks Incorporated 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 Lifeworks Incorporated
Is Lifeworks Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifeworks Incorporated (EIN: 222512887) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Lifeworks Incorporated a good charity to donate to?
Lifeworks Incorporated has a Mission Score of 85/100. Revenue: $42.6M. Assets: $45.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lifeworks Incorporated?
The Employer Identification Number (EIN) for Lifeworks Incorporated is 222512887. 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 Lifeworks Incorporated spend its money?
Lifeworks Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lifeworks Incorporated's tax-exempt status?
You can verify Lifeworks Incorporated's tax-exempt status using EIN 222512887 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
Lifeworks Incorporated is a human services nonprofit based in Westwood, Massachusetts, with reported revenue of $42.6M and assets of $45.6M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment. Revenue has grown +197% across 13 filing periods.