Lifechamps Inc
Lifechamps Inc. shows recent financial recovery with a surplus in 2021 after several years of deficits and declining revenue.
EIN: 202834743 · Little Rock, AR · NTEE: O50 · Updated: 2026-03-28
Is Lifechamps Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifechamps Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lifechamps Inc
Lifechamps Inc (EIN: 202834743) is a nonprofit organization based in Little Rock, AR, classified under NTEE code O50. The organization reported total revenue of $66K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifechamps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifechamps Inc is a micro nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $41K |
| Surplus / Deficit | +$25K |
| Total Assets | $25K |
| Total Liabilities | $941 |
| Net Assets | $24K |
| Operating Margin | 38.2% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2021, Lifechamps Inc reported a surplus of $25K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Lifechamps Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +40.0% | -20.0% | +415.2% |
| 2020 | -34.7% | -37.3% | +9.0% |
| 2019 | -9.7% | +5.6% | -66.7% |
| 2018 | -25.9% | -31.2% | +41.8% |
| 2017 | +13.1% | +14.4% | -30.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Lifechamps Inc 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, Lifechamps Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
Lifechamps Inc. consistently reports 0% officer compensation across all 11 available filings, indicating that no executive salaries are paid, which is highly unusual for an organization with its revenue history and suggests a volunteer-led or very lean operational structure.
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 Lifechamps Inc's IRS 990 filings:
- Significant and sustained decline in revenue over the past decade, from $182,507 in 2013 to $66,356 in 2021.
- Multiple years of expenses exceeding revenue (e.g., 2014-2020), indicating operational deficits.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full efficiency assessment.
Strengths
The following positive indicators were identified for Lifechamps Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a highly lean or volunteer-driven leadership.
- Positive financial turnaround in 2021 with revenue ($66,356) exceeding expenses ($40,994), resulting in a surplus.
- Healthy asset growth in 2021, with assets increasing to $25,028 and low liabilities of $941.
Frequently Asked Questions about Lifechamps Inc
Is Lifechamps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifechamps Inc (EIN: 202834743) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Lifechamps Inc spend its money?
Lifechamps Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lifechamps Inc tax-deductible?
Lifechamps Inc is registered as a tax-exempt nonprofit (EIN: 202834743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decline in revenue from $182,507 in 2013 to $66,356 in 2021?
The provided data does not specify the reasons for the revenue decline, but it's a notable trend that warrants further investigation into funding sources and operational changes.
How does Lifechamps Inc. manage to operate without any reported officer compensation?
The consistent 0% officer compensation suggests that leadership roles are either entirely volunteer-based or compensated through non-reportable means, which is a significant operational characteristic.
What are the specific program activities funded by Lifechamps Inc. given its NTEE code O50?
The NTEE code O50 (Public, Society Benefit - General) is broad. Without program-specific details in the filings, it's unclear what specific initiatives the organization undertakes.
Filing History
IRS 990 filing history for Lifechamps Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Lifechamps Inc's revenue has declined by 60%, moving from $166K to $66K. Total assets increased by 35.6% over the same period, from $18K to $25K. Total functional expenses fell by 73.5%, from $155K to $41K. In its most recent filing year (2021), Lifechamps Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $941 in liabilities against $25K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $66K | $41K | $25K | $941 | — | View 990 |
| 2020 | $47K | $51K | $5K | $6K | — | — |
| 2019 | $73K | $82K | $4K | $2K | — | View 990 |
| 2018 | $80K | $77K | $13K | $2K | — | View 990 |
| 2017 | $109K | $113K | $9K | $679 | — | View 990 |
| 2016 | $96K | $98K | $14K | $721 | — | View 990 |
| 2015 | $155K | $174K | $20K | $5K | — | View 990 |
| 2014 | $166K | $206K | $36K | $2K | — | View 990 |
| 2013 | $183K | $129K | $75K | $1K | — | View 990 |
| 2012 | $157K | $151K | $22K | $2K | — | View 990 |
| 2011 | $166K | $155K | $18K | $590 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $66K, expenses of $41K, and assets of $25K (revenue +40.0% year-over-year).
- 2020: Revenue of $47K, expenses of $51K, and assets of $5K (revenue -34.7% year-over-year).
- 2019: Revenue of $73K, expenses of $82K, and assets of $4K (revenue -9.7% year-over-year).
- 2018: Revenue of $80K, expenses of $77K, and assets of $13K (revenue -25.9% year-over-year).
- 2017: Revenue of $109K, expenses of $113K, and assets of $9K (revenue +13.1% year-over-year).
- 2016: Revenue of $96K, expenses of $98K, and assets of $14K (revenue -38.3% year-over-year).
- 2015: Revenue of $155K, expenses of $174K, and assets of $20K (revenue -6.4% year-over-year).
- 2014: Revenue of $166K, expenses of $206K, and assets of $36K (revenue -8.9% year-over-year).
- 2013: Revenue of $183K, expenses of $129K, and assets of $75K (revenue +16.5% year-over-year).
- 2012: Revenue of $157K, expenses of $151K, and assets of $22K (revenue -5.6% year-over-year).
- 2011: Revenue of $166K, expenses of $155K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifechamps Inc:
Data Sources and Methodology
This transparency report for Lifechamps Inc 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.