Lifesavers Foundation
Lifesavers Foundation experiences recent financial deficit despite long-term revenue growth, with no reported officer compensation.
EIN: 202066448 · Richardson, TX · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| Net Assets | $203K |
| Transparency Score | 70/100 |
Is Lifesavers Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifesavers Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lifesavers Foundation
Lifesavers Foundation (EIN: 202066448) is a nonprofit organization based in Richardson, TX, classified under NTEE code P12. The organization reported total revenue of $2.4M and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifesavers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifesavers Foundation is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-431,668 |
| Total Assets | $673K |
| Total Liabilities | $470K |
| Net Assets | $203K |
| Operating Margin | -25.0% |
| Debt-to-Asset Ratio | 69.8% |
| Months of Reserves | 3.7 months |
Financial Health Grade: C
In 2023, Lifesavers Foundation reported a deficit of $432K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 69.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lifesavers Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +52.9% | -34.7% |
| 2022 | +31.2% | +16.2% | +26.8% |
| 2021 | +32.6% | +32.1% | +58.2% |
| 2020 | +1.9% | +2.0% | +96.5% |
| 2019 | +39.6% | +6.3% | +22.2% |
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 Lifesavers Foundation with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Lifesavers Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $432K, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.8%.
Executive Compensation Analysis
Lifesavers Foundation consistently reports 0% officer compensation across all available filings, indicating that no officers received reportable compensation, which is highly favorable for donor trust 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.
Red Flags
The following concerns were identified during AI analysis of Lifesavers Foundation's IRS 990 filings:
- Significant deficit in the most recent fiscal year (202312), with expenses exceeding revenue by $431,668.
- Substantial decline in assets from $1,030,572 in 202212 to $673,411 in 202312.
- Increasing liabilities, reaching $470,207 in 202312, which is the highest reported in the provided history.
Strengths
The following positive indicators were identified for Lifesavers Foundation:
- Consistent long-term revenue growth over the past decade, from $519,008 in 201412 to $2,378,348 (latest revenue).
- Excellent transparency regarding executive compensation, with 0% officer compensation reported across all filings.
- Demonstrated ability to manage expenses below revenue in several prior years (e.g., 202212, 202112, 202012, 201912, 201512).
Frequently Asked Questions about Lifesavers Foundation
Is Lifesavers Foundation a legitimate charity?
Lifesavers Foundation (EIN: 202066448) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Lifesavers Foundation spend its money?
Lifesavers Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Lifesavers Foundation tax-deductible?
Lifesavers Foundation is registered as a tax-exempt nonprofit (EIN: 202066448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lifesavers Foundation's spending goes to programs?
Lifesavers Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lifesavers Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Lifesavers Foundation is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lifesavers Foundation located?
Lifesavers Foundation is headquartered in Richardson, Texas and files with the IRS under EIN 202066448. It is classified under NTEE code P12.
How many years of IRS 990 filings does Lifesavers Foundation have?
Lifesavers Foundation 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 $2.4M in total revenue.
Is Lifesavers Foundation a good charity?
Lifesavers Foundation exhibits strengths in its long-term revenue growth and excellent transparency regarding executive compensation (0% reported). However, the recent financial deficit in 202312, where expenses exceeded revenue by over $430,000, and a significant decline in assets, raise concerns about its current financial stability and spending efficiency. A deeper dive into the specific program expenses versus administrative and fundraising costs for the latest period would be necessary for a definitive answer.
Why did Lifesavers Foundation's assets decrease significantly in 2023?
Lifesavers Foundation's assets decreased from $1,030,572 in 202212 to $673,411 in 202312, a reduction of over $350,000. This decline coincides with a period where expenses ($2,159,883) significantly exceeded revenue ($1,728,215), suggesting that the organization may have drawn down its reserves to cover operational costs.
What caused the large deficit in the 2023 fiscal year?
In the 202312 fiscal period, Lifesavers Foundation reported expenses of $2,159,883 against revenues of $1,728,215, resulting in a deficit of $431,668. The specific causes of this increase in expenses relative to revenue are not detailed in the provided data but warrant further investigation into program expansion, operational costs, or other financial events.
Filing History
IRS 990 filing history for Lifesavers Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lifesavers Foundation's revenue has grown by 376.8%, moving from $362K to $1.7M. Total assets increased by 609% over the same period, from $95K to $673K. Total functional expenses rose by 379.7%, from $450K to $2.2M. In its most recent filing year (2023), Lifesavers Foundation reported a deficit of $432K, with expenses exceeding revenue. The organization holds $470K in liabilities against $673K in assets (debt-to-asset ratio: 69.8%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.2M | $673K | $470K | — | — |
| 2022 | $1.7M | $1.4M | $1.0M | $405K | — | View 990 |
| 2021 | $1.3M | $1.2M | $813K | $467K | — | View 990 |
| 2020 | $973K | $921K | $514K | $242K | — | View 990 |
| 2019 | $954K | $902K | $262K | $42K | — | View 990 |
| 2018 | $683K | $849K | $214K | $46K | — | View 990 |
| 2017 | $680K | $744K | $339K | $5K | — | View 990 |
| 2016 | $643K | $694K | $406K | $9K | — | View 990 |
| 2015 | $597K | $512K | $473K | $25K | — | View 990 |
| 2014 | $519K | $542K | $384K | $21K | — | View 990 |
| 2013 | $881K | $693K | $390K | $3K | — | View 990 |
| 2012 | $629K | $559K | $201K | $3K | — | View 990 |
| 2011 | $519K | $485K | $130K | $2K | — | View 990 |
| 2010 | $362K | $450K | $95K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.2M, and assets of $673K (revenue +2.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.4M, and assets of $1.0M (revenue +31.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $813K (revenue +32.6% year-over-year).
- 2020: Revenue of $973K, expenses of $921K, and assets of $514K (revenue +1.9% year-over-year).
- 2019: Revenue of $954K, expenses of $902K, and assets of $262K (revenue +39.6% year-over-year).
- 2018: Revenue of $683K, expenses of $849K, and assets of $214K (revenue +0.5% year-over-year).
- 2017: Revenue of $680K, expenses of $744K, and assets of $339K (revenue +5.8% year-over-year).
- 2016: Revenue of $643K, expenses of $694K, and assets of $406K (revenue +7.6% year-over-year).
- 2015: Revenue of $597K, expenses of $512K, and assets of $473K (revenue +15.0% year-over-year).
- 2014: Revenue of $519K, expenses of $542K, and assets of $384K (revenue -41.1% year-over-year).
- 2013: Revenue of $881K, expenses of $693K, and assets of $390K (revenue +40.1% year-over-year).
- 2012: Revenue of $629K, expenses of $559K, and assets of $201K (revenue +21.1% year-over-year).
- 2011: Revenue of $519K, expenses of $485K, and assets of $130K (revenue +43.3% year-over-year).
- 2010: Revenue of $362K, expenses of $450K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifesavers Foundation:
Data Sources and Methodology
This transparency report for Lifesavers 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.