Lifeshare Foundation
EIN: 821003338 · Oklahoma City, OK · NTEE: T12
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $411K |
| Net Assets | $492K |
Is Lifeshare Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lifeshare Foundation
Lifeshare Foundation (EIN: 821003338) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T12. The organization reported total revenue of $264K and total assets of $639K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifeshare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifeshare Foundation is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 28.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $411K |
| Surplus / Deficit | $-63,740 |
| Total Assets | $655K |
| Total Liabilities | $163K |
| Net Assets | $492K |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 24.8% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2023, Lifeshare Foundation reported a deficit of $64K with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.8% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Lifeshare Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.3% | -5.1% | -11.4% |
| 2022 | -18.2% | +17.6% | -25.3% |
| 2021 | +28.0% | +2.4% | +5.4% |
| 2020 | -71.7% | +90.5% | -16.7% |
| 2019 | +45.3% | +29.5% | +108.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lifeshare 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 Lifeshare 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 deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.8%.
Frequently Asked Questions about Lifeshare Foundation
Is Lifeshare Foundation a legitimate charity?
Lifeshare Foundation (EIN: 821003338) is a registered tax-exempt nonprofit based in Oklahoma. It has 7 years of IRS 990 filings on record. Total revenue: $264K. No red flags identified. Financial health grade: B.
How does Lifeshare Foundation spend its money?
Lifeshare Foundation reported $264K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lifeshare Foundation tax-deductible?
Lifeshare Foundation is registered as a tax-exempt nonprofit (EIN: 821003338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lifeshare Foundation located?
Lifeshare Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 821003338. It is classified under NTEE code T12.
How many years of IRS 990 filings does Lifeshare Foundation have?
Lifeshare 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 $264K in total revenue.
Filing History
IRS 990 filing history for Lifeshare Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Lifeshare Foundation's revenue has grown by 340.3%, moving from $79K to $347K. Total assets increased by 738% over the same period, from $78K to $655K. Total functional expenses rose by 60789.5%, from $675 to $411K. In its most recent filing year (2023), Lifeshare Foundation reported a deficit of $64K, with expenses exceeding revenue. The organization holds $163K in liabilities against $655K in assets (debt-to-asset ratio: 24.8%), resulting in net assets of $492K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $347K | $411K | $655K | $163K | — | View 990 |
| 2022 | $222K | $433K | $739K | $183K | — | View 990 |
| 2021 | $272K | $368K | $990K | $223K | — | View 990 |
| 2020 | $212K | $360K | $939K | $75K | — | View 990 |
| 2019 | $751K | $189K | $1.1M | $116K | — | View 990 |
| 2018 | $517K | $146K | $541K | $92K | — | View 990 |
| 2017 | $79K | $675 | $78K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $347K, expenses of $411K, and assets of $655K (revenue +56.3% year-over-year).
- 2022: Revenue of $222K, expenses of $433K, and assets of $739K (revenue -18.2% year-over-year).
- 2021: Revenue of $272K, expenses of $368K, and assets of $990K (revenue +28.0% year-over-year).
- 2020: Revenue of $212K, expenses of $360K, and assets of $939K (revenue -71.7% year-over-year).
- 2019: Revenue of $751K, expenses of $189K, and assets of $1.1M (revenue +45.3% year-over-year).
- 2018: Revenue of $517K, expenses of $146K, and assets of $541K (revenue +555.0% year-over-year).
- 2017: Revenue of $79K, expenses of $675, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifeshare Foundation:
Data Sources and Methodology
This transparency report for Lifeshare 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.