Lifelogics Inc
Lifelogics Inc shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 204891909 · Nottingham, MD · NTEE: E19 · Updated: 2026-03-28
Is Lifelogics Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifelogics Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lifelogics Inc
Lifelogics Inc (EIN: 204891909) is a nonprofit organization based in Nottingham, MD, classified under NTEE code E19. The organization reported total revenue of $5.0M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifelogics Inc'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 Lifelogics Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lifelogics Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Lifelogics Inc reports 0% officer compensation across all available filings from 2011 to 2023, which is highly unusual for an organization of its size with revenues reaching over $4 million, suggesting either a fully volunteer leadership or compensation structured in a way not reported as officer compensation on the 990.
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 Lifelogics Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually low or zero reported officer compensation for an organization of this size, which may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Lifelogics Inc:
- Consistent revenue growth over a decade (from $1.7M in 2011 to $4.3M in 2023)
- Generally operates with an operational surplus, indicating sound financial management (e.g., $126,145 surplus in 2023)
- Healthy asset base relative to liabilities ($2,411,583 assets vs. $218,410 liabilities in 2023)
- No reported officer compensation across all filings, suggesting high dedication of funds to mission or volunteer leadership.
Frequently Asked Questions about Lifelogics Inc
Is Lifelogics Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifelogics Inc (EIN: 204891909) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Lifelogics Inc spend its money?
Lifelogics Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lifelogics Inc tax-deductible?
Lifelogics Inc is registered as a tax-exempt nonprofit (EIN: 204891909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lifelogics Inc a good charity?
Based on the available financial data, Lifelogics Inc appears to be a financially stable and growing organization with a strong track record of revenue growth and consistent operational surpluses. The absence of reported officer compensation is a notable positive, suggesting a high dedication of resources to its mission. However, without a detailed breakdown of program vs. administrative and fundraising expenses, a definitive 'good' rating is challenging, but the indicators are largely positive.
How has Lifelogics Inc's revenue grown over time?
Lifelogics Inc has shown significant revenue growth, increasing from $1,712,382 in 2011 to $4,364,765 in 2023, representing an increase of over 150% in twelve years.
What is the organization's financial stability?
The organization demonstrates strong financial stability, consistently operating with surpluses in most years (e.g., $126,145 surplus in 2023) and maintaining a healthy asset base ($2,411,583 in 2023) relative to its liabilities ($218,410 in 2023).
Does Lifelogics Inc pay its executives?
According to the IRS 990 filings provided, Lifelogics Inc reported 0% officer compensation for all periods from 2011 to 2023. This suggests that either executives are unpaid volunteers or their compensation is structured and reported under different categories not specified as 'officer compensation'.
Filing History
IRS 990 filing history for Lifelogics Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lifelogics Inc's revenue has grown by 154.9%, moving from $1.7M to $4.4M. Total assets increased by 51.3% over the same period, from $1.6M to $2.4M. Total functional expenses rose by 167%, from $1.6M to $4.2M. In its most recent filing year (2023), Lifelogics Inc reported a surplus of $126K, with revenue exceeding expenses. The organization holds $218K in liabilities against $2.4M in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.2M | $2.4M | $218K | — | — |
| 2022 | $3.6M | $3.7M | $2.3M | $233K | — | View 990 |
| 2021 | $3.6M | $3.4M | $2.3M | $170K | — | View 990 |
| 2020 | $3.4M | $3.1M | $2.5M | $562K | — | — |
| 2019 | $3.2M | $2.9M | $1.9M | $223K | — | View 990 |
| 2015 | $2.5M | $2.5M | $1.7M | $190K | — | View 990 |
| 2014 | $2.3M | $2.3M | $1.6M | $161K | — | View 990 |
| 2013 | $2.3M | $2.1M | $1.6M | $167K | — | View 990 |
| 2012 | $1.8M | $2.1M | $1.3M | $145K | — | View 990 |
| 2011 | $1.7M | $1.6M | $1.6M | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.2M, and assets of $2.4M (revenue +22.1% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.7M, and assets of $2.3M (revenue -0.8% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.4M, and assets of $2.3M (revenue +5.9% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.1M, and assets of $2.5M (revenue +7.7% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.9M, and assets of $1.9M (revenue +24.4% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.5M, and assets of $1.7M (revenue +12.5% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.3M, and assets of $1.6M (revenue -3.4% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.1M, and assets of $1.6M (revenue +27.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.1M, and assets of $1.3M (revenue +7.0% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Lifelogics 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.