Life Time Foundation
EIN: 30533192 · Chanhassen, MN · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.6M |
| Net Assets | $2.1M |
Is Life Time Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Life Time Foundation
Life Time Foundation (EIN: 30533192) is a nonprofit organization based in Chanhassen, MN, classified under NTEE code B12. The organization reported total revenue of $2.7M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Time Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Time Foundation is a mid-size nonprofit that has been operating for 5 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$236K |
| Total Assets | $2.3M |
| Total Liabilities | $274K |
| Net Assets | $2.1M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Life Time Foundation reported a surplus of $236K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2023), Life Time Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.7% | +1.9% | +6.1% |
| 2022 | -22.8% | -12.0% | -21.0% |
| 2021 | +72.3% | +105.1% | +37.0% |
| 2014 | +17.5% | +55.4% | +25.5% |
| 2013 | +142.0% | +114.9% | +85.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Time Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Time Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $236K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about Life Time Foundation
Is Life Time Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Time Foundation (EIN: 30533192) insufficient data. 0 red flags identified, 0 strengths noted.
How does Life Time Foundation spend its money?
Detailed spending breakdown data is not yet available for Life Time Foundation. Check back for updated IRS 990 analysis.
Are donations to Life Time Foundation tax-deductible?
Life Time Foundation is registered as a tax-exempt nonprofit (EIN: 30533192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Time Foundation located?
Life Time Foundation is headquartered in Chanhassen, Minnesota and files with the IRS under EIN 30533192. It is classified under NTEE code B12.
How many years of IRS 990 filings does Life Time Foundation have?
Life Time Foundation has 7 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Life Time Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Life Time Foundation's revenue has grown by 409.4%, moving from $562K to $2.9M. Total assets increased by 254.1% over the same period, from $661K to $2.3M. Total functional expenses rose by 2226.1%, from $113K to $2.6M. In its most recent filing year (2023), Life Time Foundation reported a surplus of $236K, with revenue exceeding expenses. The organization holds $274K in liabilities against $2.3M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.6M | $2.3M | $274K | — | — |
| 2022 | $2.2M | $2.6M | $2.2M | $85K | — | View 990 |
| 2021 | $2.9M | $2.9M | $2.8M | $67K | — | View 990 |
| 2014 | $1.7M | $1.4M | $2.0M | $494K | — | View 990 |
| 2013 | $1.4M | $919K | $1.6M | $337K | — | View 990 |
| 2012 | $593K | $428K | $877K | $105K | — | View 990 |
| 2011 | $562K | $113K | $661K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.6M, and assets of $2.3M (revenue +27.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.6M, and assets of $2.2M (revenue -22.8% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.9M, and assets of $2.8M (revenue +72.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.4M, and assets of $2.0M (revenue +17.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $919K, and assets of $1.6M (revenue +142.0% year-over-year).
- 2012: Revenue of $593K, expenses of $428K, and assets of $877K (revenue +5.4% year-over-year).
- 2011: Revenue of $562K, expenses of $113K, and assets of $661K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Time Foundation:
Data Sources and Methodology
This transparency report for Life Time Foundation 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.