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
| Metric | Value |
|---|---|
| Total Revenue | $402K |
| Total Expenses | $36K |
| Program Spending | 80% |
| Net Assets | $352K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Life Spring Network Form 990, Revenue, CEO Pay, and IRS Filing Signals
Life Spring Network is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Life Spring Network in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $99K and expenses of $36K.
Revenue and Expenses
Life Spring Network reported $99K in revenue and $36K in expenses, a surplus of $63K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $29K (80%) |
Across stored filings, Life Spring Network shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Religion context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
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.
Organization Overview
Life Spring Network is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $36K |
| Surplus / Deficit | +$63K |
| Total Assets | $353K |
| Total Liabilities | $647 |
| Net Assets | $352K |
| Operating Margin | 63.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 117.2 months |
Financial Health Grade: A
In 2023, Life Spring Network reported a surplus of $63K with revenue exceeding expenses, holds 117.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Life Spring Network's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +196.7% | +10.8% | +21.8% |
| 2022 | -58.9% | -11.6% | +0.5% |
| 2021 | -41.2% | -76.7% | +5.0% |
| 2020 | -40.3% | -19.1% | -1.2% |
| 2019 | -0.8% | -2.5% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7210 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
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?
Life Spring Network (EIN: 204307197) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $402K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Life Spring Network spend its money?
Life Spring Network directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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 percentage of Life Spring Network's spending goes to programs?
Life Spring Network directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Spring Network compare to similar nonprofits?
With a transparency score of 75/100 (Good), Life Spring Network is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Spring Network located?
Life Spring Network is headquartered in Old Greenwich, Connecticut and files with the IRS under EIN 204307197. It is classified under NTEE code X20.
How many years of IRS 990 filings does Life Spring Network have?
Life Spring Network has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $402K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Spring Network:
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.