Life Spring Network
Life Spring Network maintains asset stability with fluctuating revenue and no reported officer compensation.
EIN: 204307197 · Old Greenwich, CT · NTEE: X20 · Updated: 2026-03-28
Is Life Spring Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Spring Network directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Spring Network
Life Spring Network (EIN: 204307197) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code X20. The organization reported total revenue of $402K and total assets of $569K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Spring Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Spring Network with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Life Spring Network allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is highly unusual for an organization of its size and can be a positive sign for resource allocation to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Life Spring Network's IRS 990 filings:
- Significant revenue fluctuations without clear explanation
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Life Spring Network:
- Consistent positive net assets, indicating financial stability
- No reported officer compensation, suggesting efficient use of funds for mission
- Long history of IRS 990 filings, indicating compliance and transparency
- Expenses generally lower than revenue in recent years (e.g., 2023: $36,088 expenses vs. $99,299 revenue)
Frequently Asked Questions about Life Spring Network
Is Life Spring Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Spring Network (EIN: 204307197) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Life Spring Network spend its money?
Life Spring Network directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Life Spring Network tax-deductible?
Life Spring Network is registered as a tax-exempt nonprofit (EIN: 204307197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of program, administrative, and fundraising expenses for Life Spring Network?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency beyond the overall expense figures.
What caused the significant fluctuation in revenue, from $302,247 in 2015 to $99,299 in 2023, and then to the latest reported $402,000?
The provided data does not specify the reasons for the substantial revenue fluctuations. Further investigation into the organization's funding sources and operational changes would be necessary to understand these shifts.
How does Life Spring Network sustain its operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may rely heavily on volunteer leadership or that executive roles are compensated through non-reportable means, or that the organization's structure minimizes the need for paid executive staff.
Filing History
IRS 990 filing history for Life Spring Network showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Life Spring Network's revenue has declined by 71%, moving from $343K to $99K. Total assets increased by 50.6% over the same period, from $234K to $353K. Total functional expenses fell by 89.8%, from $355K to $36K. In its most recent filing year (2023), Life Spring Network reported a surplus of $63K, with revenue exceeding expenses. The organization holds $647 in liabilities against $353K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $352K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $36K | $353K | $647 | — | — |
| 2022 | $33K | $33K | $290K | $582 | — | View 990 |
| 2021 | $82K | $37K | $288K | $647 | — | View 990 |
| 2020 | $139K | $158K | $274K | $32K | — | View 990 |
| 2019 | $232K | $195K | $278K | $16K | — | View 990 |
| 2018 | $234K | $200K | $243K | $18K | — | View 990 |
| 2017 | $250K | $241K | $224K | $27K | — | View 990 |
| 2016 | $270K | $313K | $188K | $0 | — | View 990 |
| 2015 | $302K | $317K | $230K | $0 | — | View 990 |
| 2014 | $216K | $236K | $245K | $0 | — | View 990 |
| 2013 | $250K | $176K | $265K | $0 | — | View 990 |
| 2012 | $294K | $276K | $191K | $0 | — | View 990 |
| 2011 | $305K | $364K | $174K | $0 | — | View 990 |
| 2010 | $343K | $355K | $234K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $36K, and assets of $353K (revenue +196.7% year-over-year).
- 2022: Revenue of $33K, expenses of $33K, and assets of $290K (revenue -58.9% year-over-year).
- 2021: Revenue of $82K, expenses of $37K, and assets of $288K (revenue -41.2% year-over-year).
- 2020: Revenue of $139K, expenses of $158K, and assets of $274K (revenue -40.3% year-over-year).
- 2019: Revenue of $232K, expenses of $195K, and assets of $278K (revenue -0.8% year-over-year).
- 2018: Revenue of $234K, expenses of $200K, and assets of $243K (revenue -6.6% year-over-year).
- 2017: Revenue of $250K, expenses of $241K, and assets of $224K (revenue -7.3% year-over-year).
- 2016: Revenue of $270K, expenses of $313K, and assets of $188K (revenue -10.6% year-over-year).
- 2015: Revenue of $302K, expenses of $317K, and assets of $230K (revenue +40.2% year-over-year).
- 2014: Revenue of $216K, expenses of $236K, and assets of $245K (revenue -13.7% year-over-year).
- 2013: Revenue of $250K, expenses of $176K, and assets of $265K (revenue -15.0% year-over-year).
- 2012: Revenue of $294K, expenses of $276K, and assets of $191K (revenue -3.6% year-over-year).
- 2011: Revenue of $305K, expenses of $364K, and assets of $174K (revenue -11.0% year-over-year).
- 2010: Revenue of $343K, expenses of $355K, and assets of $234K.
Data Sources and Methodology
This transparency report for Life Spring Network is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.