Lifespire Inc
Lifespire Inc. shows consistent revenue growth and asset accumulation, with zero reported officer compensation.
EIN: 132526022 · New York, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102.7M |
| Total Expenses | $97.8M |
| Program Spending | 85% |
| Net Assets | $57.9M |
| Transparency Score | 80/100 |
Is Lifespire Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifespire Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lifespire Inc
Lifespire Inc (EIN: 132526022) is a nonprofit organization based in New York, NY, classified under NTEE code P820. The organization reported total revenue of $102.7M and total assets of $154.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifespire Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifespire Inc is a major nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105.7M |
| Total Expenses | $97.8M |
| Surplus / Deficit | +$7.9M |
| Total Assets | $148.2M |
| Total Liabilities | $90.3M |
| Net Assets | $57.9M |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 61.0% |
| Months of Reserves | 18.2 months |
Financial Health Grade: A
In 2023, Lifespire Inc reported a surplus of $7.9M with revenue exceeding expenses, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 61.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lifespire Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +2.3% | +33.2% |
| 2022 | +32.9% | +11.0% | +28.6% |
| 2021 | -20.2% | -10.5% | +7.4% |
| 2020 | -2.2% | -4.7% | +0.1% |
| 2019 | -1.1% | -0.5% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1961 |
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 Lifespire Inc with a Mission Score of 80 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, Lifespire 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for Officer Compensation across all available periods. This suggests that either no officers meet the compensation reporting thresholds, or their compensation is categorized differently, which warrants further clarification for complete transparency.
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 Lifespire Inc's IRS 990 filings:
- Consistent 0% reported for Officer Compensation, which may obscure actual leadership remuneration without further detail.
- Significant increase in liabilities from $53.8M to $90.3M between 202106 and 202306, requiring further investigation into its nature.
Strengths
The following positive indicators were identified for Lifespire Inc:
- Consistent revenue generation, with recent periods showing revenues exceeding expenses (e.g., $105.6M revenue vs. $97.7M expenses in 202306).
- Strong asset growth, increasing from $86.5M in 202106 to $148.2M in 202306, indicating financial stability and capacity.
- Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance and transparency.
- Operating in a critical NTEE code (P820) for residential care, indicating a focus on direct service to a vulnerable population.
Frequently Asked Questions about Lifespire Inc
Is Lifespire Inc a legitimate charity?
Lifespire Inc (EIN: 132526022) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $102.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Lifespire Inc spend its money?
Lifespire Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lifespire Inc tax-deductible?
Lifespire Inc is registered as a tax-exempt nonprofit (EIN: 132526022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lifespire Inc's spending goes to programs?
Lifespire Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lifespire Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Lifespire Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lifespire Inc located?
Lifespire Inc is headquartered in New York, New York and files with the IRS under EIN 132526022. It is classified under NTEE code P820.
How many years of IRS 990 filings does Lifespire Inc have?
Lifespire 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 $102.7M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these expense categories. Further analysis of the full IRS 990 forms would be required to determine the exact percentages.
Why is officer compensation consistently reported as 0%?
This could be due to various reasons, such as compensation falling below reporting thresholds for individual officers, or compensation being reported under different categories. A review of the full 990 forms, specifically Schedule J, would provide clarity.
What is the nature of the significant increase in liabilities from $53,883,780 in 202106 to $90,343,909 in 202306?
The increase in liabilities could be due to various factors such as new debt financing for asset acquisition, deferred revenue, or other operational obligations. A deeper dive into the organization's balance sheet from the full 990 filings is needed to understand this trend.
Filing History
IRS 990 filing history for Lifespire Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lifespire Inc's revenue has declined by 2.4%, moving from $108.2M to $105.7M. Total assets increased by 106.6% over the same period, from $71.8M to $148.2M. Total functional expenses fell by 4.7%, from $102.6M to $97.8M. In its most recent filing year (2023), Lifespire Inc reported a surplus of $7.9M, with revenue exceeding expenses. The organization holds $90.3M in liabilities against $148.2M in assets (debt-to-asset ratio: 61.0%), resulting in net assets of $57.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105.7M | $97.8M | $148.2M | $90.3M | — | — |
| 2022 | $104.1M | $95.6M | $111.3M | $66.0M | — | View 990 |
| 2021 | $78.3M | $86.1M | $86.5M | $53.9M | — | View 990 |
| 2020 | $98.2M | $96.2M | $80.6M | $49.5M | — | View 990 |
| 2019 | $100.4M | $101.0M | $80.5M | $44.4M | — | View 990 |
| 2018 | $101.5M | $101.5M | $80.6M | $43.8M | — | View 990 |
| 2017 | $109.2M | $98.2M | $84.5M | $47.6M | — | View 990 |
| 2016 | $96.0M | $96.9M | $80.6M | $54.7M | — | View 990 |
| 2015 | $102.9M | $100.7M | $80.0M | $53.3M | — | View 990 |
| 2014 | $98.9M | $99.4M | $92.7M | $68.0M | — | View 990 |
| 2013 | $110.6M | $99.1M | $96.6M | $71.4M | — | View 990 |
| 2012 | $93.6M | $101.2M | $85.7M | $74.6M | — | View 990 |
| 2011 | $108.2M | $102.6M | $71.8M | $53.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105.7M, expenses of $97.8M, and assets of $148.2M (revenue +1.5% year-over-year).
- 2022: Revenue of $104.1M, expenses of $95.6M, and assets of $111.3M (revenue +32.9% year-over-year).
- 2021: Revenue of $78.3M, expenses of $86.1M, and assets of $86.5M (revenue -20.2% year-over-year).
- 2020: Revenue of $98.2M, expenses of $96.2M, and assets of $80.6M (revenue -2.2% year-over-year).
- 2019: Revenue of $100.4M, expenses of $101.0M, and assets of $80.5M (revenue -1.1% year-over-year).
- 2018: Revenue of $101.5M, expenses of $101.5M, and assets of $80.6M (revenue -7.1% year-over-year).
- 2017: Revenue of $109.2M, expenses of $98.2M, and assets of $84.5M (revenue +13.7% year-over-year).
- 2016: Revenue of $96.0M, expenses of $96.9M, and assets of $80.6M (revenue -6.6% year-over-year).
- 2015: Revenue of $102.9M, expenses of $100.7M, and assets of $80.0M (revenue +4.0% year-over-year).
- 2014: Revenue of $98.9M, expenses of $99.4M, and assets of $92.7M (revenue -10.6% year-over-year).
- 2013: Revenue of $110.6M, expenses of $99.1M, and assets of $96.6M (revenue +18.2% year-over-year).
- 2012: Revenue of $93.6M, expenses of $101.2M, and assets of $85.7M (revenue -13.5% year-over-year).
- 2011: Revenue of $108.2M, expenses of $102.6M, and assets of $71.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifespire Inc:
Data Sources and Methodology
This transparency report for Lifespire 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.