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.
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.