Lifehouse Inc
Lifehouse Inc shows consistent revenue growth and strong program spending efficiency with no reported officer compensation.
EIN: 208514733 · Louisville, KY · NTEE: L40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $571K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Lifehouse Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifehouse Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lifehouse Inc
Lifehouse Inc (EIN: 208514733) is a nonprofit organization based in Louisville, KY, classified under NTEE code L40. The organization reported total revenue of $778K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifehouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifehouse Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $713K |
| Total Expenses | $571K |
| Surplus / Deficit | +$142K |
| Total Assets | $1.7M |
| Total Liabilities | $36K |
| Net Assets | $1.7M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 35.6 months |
Financial Health Grade: A
In 2023, Lifehouse Inc reported a surplus of $142K with revenue exceeding expenses, holds 35.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lifehouse Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +6.4% | +9.7% |
| 2022 | +5.8% | +26.3% | +7.8% |
| 2021 | -0.7% | -11.7% | +14.2% |
| 2020 | +28.0% | +9.9% | +13.4% |
| 2019 | +26.2% | -7.9% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lifehouse Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lifehouse Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $142K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Lifehouse Inc reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor confidence and resource allocation.
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.
Strengths
The following positive indicators were identified for Lifehouse Inc:
- Consistent revenue growth, increasing from $479,724 in 2019 to $712,567 in 2023.
- No reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Strong asset base and minimal liabilities, with assets of $1,691,300 and liabilities of $36,419 in 2023.
- Efficient spending, with expenses significantly lower than revenue in recent years (e.g., $570,625 expenses vs. $712,567 revenue in 2023).
- Positive net assets growth over time, reflecting sound financial management.
Frequently Asked Questions about Lifehouse Inc
Is Lifehouse Inc a legitimate charity?
Lifehouse Inc (EIN: 208514733) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $778K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lifehouse Inc spend its money?
Lifehouse Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Lifehouse Inc tax-deductible?
Lifehouse Inc is registered as a tax-exempt nonprofit (EIN: 208514733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lifehouse Inc's spending goes to programs?
Lifehouse Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lifehouse Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lifehouse Inc is above average for NTEE category L40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lifehouse Inc located?
Lifehouse Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 208514733. It is classified under NTEE code L40.
How many years of IRS 990 filings does Lifehouse Inc have?
Lifehouse Inc has 13 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 $778K in total revenue.
Is Lifehouse Inc a good charity?
Based on its financial data, Lifehouse Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, efficient program spending (e.g., expenses of $570,625 against revenue of $712,567 in 2023), and excellent transparency with no reported officer compensation.
How has Lifehouse Inc's revenue trended over the past five years?
Lifehouse Inc has shown a consistent upward trend in revenue over the past five years, increasing from $479,724 in 2019 to $712,567 in 2023, indicating growing support and financial capacity.
What is Lifehouse Inc's asset-to-liability ratio?
In 2023, Lifehouse Inc had assets of $1,691,300 and liabilities of $36,419, resulting in a very strong asset-to-liability ratio of approximately 46.4:1, indicating excellent financial stability and minimal debt.
Filing History
IRS 990 filing history for Lifehouse Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lifehouse Inc's revenue has grown by 64.9%, moving from $432K to $713K. Total assets increased by 364.5% over the same period, from $364K to $1.7M. Total functional expenses rose by 72.2%, from $331K to $571K. In its most recent filing year (2023), Lifehouse Inc reported a surplus of $142K, with revenue exceeding expenses. The organization holds $36K in liabilities against $1.7M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $713K | $571K | $1.7M | $36K | — | View 990 |
| 2022 | $645K | $536K | $1.5M | $29K | — | View 990 |
| 2021 | $610K | $425K | $1.4M | $26K | — | View 990 |
| 2020 | $614K | $481K | $1.3M | $33K | — | View 990 |
| 2019 | $480K | $438K | $1.1M | $17K | — | View 990 |
| 2018 | $380K | $475K | $1.1M | $8K | — | View 990 |
| 2017 | $372K | $429K | $1.1M | $4K | — | View 990 |
| 2016 | $494K | $430K | $1.2M | $5K | — | View 990 |
| 2015 | $466K | $435K | $1.1M | $3K | — | View 990 |
| 2014 | $754K | $368K | $1.1M | $3K | — | View 990 |
| 2013 | $716K | $336K | $719K | $2K | — | View 990 |
| 2012 | $398K | $342K | $381K | $44K | — | View 990 |
| 2011 | $432K | $331K | $364K | $84K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $713K, expenses of $571K, and assets of $1.7M (revenue +10.5% year-over-year).
- 2022: Revenue of $645K, expenses of $536K, and assets of $1.5M (revenue +5.8% year-over-year).
- 2021: Revenue of $610K, expenses of $425K, and assets of $1.4M (revenue -0.7% year-over-year).
- 2020: Revenue of $614K, expenses of $481K, and assets of $1.3M (revenue +28.0% year-over-year).
- 2019: Revenue of $480K, expenses of $438K, and assets of $1.1M (revenue +26.2% year-over-year).
- 2018: Revenue of $380K, expenses of $475K, and assets of $1.1M (revenue +2.2% year-over-year).
- 2017: Revenue of $372K, expenses of $429K, and assets of $1.1M (revenue -24.7% year-over-year).
- 2016: Revenue of $494K, expenses of $430K, and assets of $1.2M (revenue +5.9% year-over-year).
- 2015: Revenue of $466K, expenses of $435K, and assets of $1.1M (revenue -38.2% year-over-year).
- 2014: Revenue of $754K, expenses of $368K, and assets of $1.1M (revenue +5.3% year-over-year).
- 2013: Revenue of $716K, expenses of $336K, and assets of $719K (revenue +80.0% year-over-year).
- 2012: Revenue of $398K, expenses of $342K, and assets of $381K (revenue -8.0% year-over-year).
- 2011: Revenue of $432K, expenses of $331K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifehouse Inc:
Data Sources and Methodology
This transparency report for Lifehouse 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.