Lifespire Of Virginia
EIN: 540534405 · Glen Allen, VA · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $11.8M |
| Total Expenses | $12.0M |
| Net Assets | $-30,559,672 |
Is Lifespire Of Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lifespire Of Virginia
Lifespire Of Virginia (EIN: 540534405) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code L22. The organization reported total revenue of $11.8M and total assets of $106.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifespire Of Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifespire Of Virginia is a large nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $12.0M |
| Surplus / Deficit | $-3,647,615 |
| Total Assets | $91.5M |
| Total Liabilities | $122.0M |
| Net Assets | $-30,559,672 |
| Operating Margin | -43.8% |
| Debt-to-Asset Ratio | 133.4% |
| Months of Reserves | 91.7 months |
Financial Health Grade: C
In 2023, Lifespire Of Virginia reported a deficit of $3.6M with expenses exceeding revenue, holds 91.7 months of operating reserves (strong position), has a debt-to-asset ratio of 133.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lifespire Of Virginia's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +2.2% | -14.9% |
| 2022 | -13.2% | +22.9% | +62.4% |
| 2021 | +15.8% | +31.6% | -1.1% |
| 2020 | +3.6% | +2.4% | +5.6% |
| 2019 | +3.5% | +9.6% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lifespire Of Virginia 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 Lifespire Of Virginia 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 $3.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 133.4%.
Frequently Asked Questions about Lifespire Of Virginia
Is Lifespire Of Virginia a legitimate charity?
Lifespire Of Virginia (EIN: 540534405) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $11.8M. No red flags identified. Financial health grade: C.
How does Lifespire Of Virginia spend its money?
Lifespire Of Virginia reported $11.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lifespire Of Virginia tax-deductible?
Lifespire Of Virginia is registered as a tax-exempt nonprofit (EIN: 540534405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lifespire Of Virginia located?
Lifespire Of Virginia is headquartered in Glen Allen, Virginia and files with the IRS under EIN 540534405. It is classified under NTEE code L22.
How many years of IRS 990 filings does Lifespire Of Virginia have?
Lifespire Of Virginia 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 $11.8M in total revenue.
Filing History
IRS 990 filing history for Lifespire Of Virginia showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lifespire Of Virginia's revenue has grown by 54.3%, moving from $5.4M to $8.3M. Total assets increased by 546.7% over the same period, from $14.1M to $91.5M. Total functional expenses rose by 147.2%, from $4.8M to $12.0M. In its most recent filing year (2023), Lifespire Of Virginia reported a deficit of $3.6M, with expenses exceeding revenue. The organization holds $122.0M in liabilities against $91.5M in assets (debt-to-asset ratio: 133.4%), resulting in net assets of $-30,559,672.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $12.0M | $91.5M | $122.0M | — | View 990 |
| 2022 | $7.7M | $11.7M | $107.4M | $117.2M | — | View 990 |
| 2021 | $8.8M | $9.5M | $66.2M | $66.6M | — | View 990 |
| 2020 | $7.6M | $7.2M | $66.9M | $60.0M | — | — |
| 2019 | $7.4M | $7.1M | $63.4M | $57.6M | — | View 990 |
| 2018 | $7.1M | $6.5M | $54.0M | $49.4M | — | View 990 |
| 2017 | $5.8M | $5.6M | $47.1M | $42.3M | — | View 990 |
| 2016 | $5.9M | $5.9M | $37.3M | $33.3M | — | View 990 |
| 2015 | $6.1M | $6.1M | $11.8M | $7.7M | — | View 990 |
| 2014 | $6.8M | $6.8M | $11.9M | $7.5M | — | View 990 |
| 2013 | $5.7M | $5.7M | $11.3M | $7.6M | — | View 990 |
| 2012 | $2.0M | $4.8M | $11.5M | $7.4M | — | View 990 |
| 2011 | $5.4M | $4.8M | $14.1M | $7.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $12.0M, and assets of $91.5M (revenue +8.8% year-over-year).
- 2022: Revenue of $7.7M, expenses of $11.7M, and assets of $107.4M (revenue -13.2% year-over-year).
- 2021: Revenue of $8.8M, expenses of $9.5M, and assets of $66.2M (revenue +15.8% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.2M, and assets of $66.9M (revenue +3.6% year-over-year).
- 2019: Revenue of $7.4M, expenses of $7.1M, and assets of $63.4M (revenue +3.5% year-over-year).
- 2018: Revenue of $7.1M, expenses of $6.5M, and assets of $54.0M (revenue +23.3% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.6M, and assets of $47.1M (revenue -2.1% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.9M, and assets of $37.3M (revenue -3.5% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.1M, and assets of $11.8M (revenue -10.8% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.8M, and assets of $11.9M (revenue +19.4% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.7M, and assets of $11.3M (revenue +187.4% year-over-year).
- 2012: Revenue of $2.0M, expenses of $4.8M, and assets of $11.5M (revenue -63.1% year-over-year).
- 2011: Revenue of $5.4M, expenses of $4.8M, and assets of $14.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifespire Of Virginia:
Data Sources and Methodology
This transparency report for Lifespire Of Virginia 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.