Lifeties Inc
Lifeties Inc: Consistent Revenue, High Program Spending, and Stable Leadership
EIN: 222417627 · Ewing, NJ · NTEE: P730 · Updated: 2026-04-04
About Lifeties Inc
Lifeties Inc (EIN: 222417627) is a nonprofit organization based in Ewing, NJ, classified under NTEE code P730. The organization reported total revenue of $2.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifeties 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 Lifeties 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Lifeties Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 0% related party compensation suggests no immediate red flags regarding self-dealing.
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.
Strengths
The following positive indicators were identified for Lifeties Inc:
- Consistently high program spending (around 88% of expenses) demonstrates a strong commitment to its mission.
- Stable revenue and asset growth over multiple years indicate financial resilience and effective management.
- Low administrative and fundraising costs (combined 12%) suggest efficient operations.
- The organization has maintained a positive net asset position, growing from $496,785 in 2018 to $1,055,243 in 2021.
Frequently Asked Questions about Lifeties Inc
What does Lifeties Inc do?
Lifeties Inc is a nonprofit organization in the Human Services sector, located in Ewing, New Jersey. It is classified under NTEE code P730.
How much revenue does Lifeties Inc have?
Lifeties Inc reported total revenue of $2,233,262. Based on 10 IRS 990 filings on record.
What are Lifeties Inc's total assets?
Lifeties Inc holds total assets of $1,055,243 as reported in IRS 990 filings.
Where is Lifeties Inc located?
Lifeties Inc is based in Ewing, New Jersey.
What is Lifeties Inc's EIN?
Lifeties Inc's Employer Identification Number (EIN) is 222417627. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lifeties Inc?
Lifeties Inc is classified under NTEE code P730 (Human Services).
Is Lifeties Inc a registered 501(c)(3)?
Yes, Lifeties Inc is recognized as a tax-exempt organization by the IRS. EIN: 222417627.
Does Lifeties Inc file IRS Form 990?
Yes, Lifeties Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202106.
What was Lifeties Inc's revenue in 2021?
In the 202106 filing period, Lifeties Inc reported total revenue of $2,117,259, total expenses of $1,985,292, and net assets of $944,629.
Is Lifeties Inc's revenue growing or declining?
Lifeties Inc's revenue is relatively stable. Revenue went from $2,153,921 (202006) to $2,117,259 (202106), a -1.7% change. Based on 10 filings on record.
What is Lifeties Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lifeties Inc covers tax period 202106. It shows revenue of $2,117,259, expenses of $1,985,292, total assets of $944,629, and liabilities of $409,045.
How much does Lifeties Inc spend on programs vs administration?
Based on IRS 990 analysis, Lifeties Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lifeties Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lifeties Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Lifeties Inc's strengths?
Positive indicators for Lifeties Inc include: Consistently high program spending (around 88% of expenses) demonstrates a strong commitment to its mission.. Stable revenue and asset growth over multiple years indicate financial resilience and effective management.. Low administrative and fundraising costs (combined 12%) suggest efficient operations.. The organization has maintained a positive net asset position, growing from $496,785 in 2018 to $1,055,243 in 2021.. These findings are derived from AI analysis of the organization's financial filings.
How does Lifeties Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 0% related party compensation suggests no immediate red flags regarding self-dealing. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Lifeties Inc. manage to maintain such a high percentage of program spending while keeping administrative and fundraising costs remarkably low?
Lifeties Inc. consistently allocates a significant portion of its expenses to programs (e.g., $1,985,292 out of $2,117,259 total expenses in 2021), suggesting highly efficient operational models and potentially a volunteer-driven or lean administrative structure that minimizes overhead.
Given the consistent revenue around $2 million, what specific strategies does Lifeties Inc. employ to ensure financial stability without significant year-over-year growth in revenue?
The consistent revenue, coupled with growing assets (from $496,785 in 2018 to $1,055,243 in 2021), indicates effective financial management focused on sustainability rather than aggressive growth. This could involve stable grant funding, recurring donor bases, or a service model with predictable income streams, allowing for asset accumulation even without revenue spikes.
Filing History
IRS 990 filing history for Lifeties Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Lifeties Inc's revenue has declined by 6.4%, moving from $2.3M to $2.1M. Total assets increased by 52.4% over the same period, from $620K to $945K. Total functional expenses fell by 13.8%, from $2.3M to $2.0M. In its most recent filing year (2021), Lifeties Inc reported a surplus of $132K, with revenue exceeding expenses. The organization holds $409K in liabilities against $945K in assets (debt-to-asset ratio: 43.3%), resulting in net assets of $536K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $2.1M | $2.0M | $945K | $409K | — | View 990 |
| 2020 | $2.2M | $1.9M | $856K | $452K | — | View 990 |
| 2019 | $2.0M | $1.9M | $606K | $414K | — | View 990 |
| 2018 | $1.6M | $1.7M | $497K | $424K | — | View 990 |
| 2017 | $1.7M | $1.8M | $557K | $470K | — | View 990 |
| 2016 | $2.0M | $2.1M | $686K | $477K | — | View 990 |
| 2015 | $2.4M | $2.3M | $783K | $437K | — | View 990 |
| 2014 | $2.2M | $2.0M | $727K | $497K | — | View 990 |
| 2013 | $2.0M | $2.1M | $546K | $524K | — | View 990 |
| 2012 | $2.3M | $2.3M | $620K | $478K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $945K (revenue -1.7% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.9M, and assets of $856K (revenue +6.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $606K (revenue +24.2% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $497K (revenue -6.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $557K (revenue -12.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.1M, and assets of $686K (revenue -15.6% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $783K (revenue +6.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $727K (revenue +14.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.1M, and assets of $546K (revenue -13.4% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $620K.
Data Sources and Methodology
This transparency report for Lifeties 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.