Lifeworks Incorporated
Lifeworks Incorporated: Strong Program Spending, but Declining Revenue and High Liabilities
EIN: 222512887 · Westwood, MA · NTEE: P80Z · Updated: 2026-04-04
About Lifeworks Incorporated
Lifeworks Incorporated (EIN: 222512887) is a nonprofit organization based in Westwood, MA, classified under NTEE code P80Z. The organization reported total revenue of $42.6M and total assets of $45.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifeworks Incorporated'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 Lifeworks Incorporated 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lifeworks Incorporated 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.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment.
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 Lifeworks Incorporated's IRS 990 filings:
- Declining revenue trend: Revenue decreased from $35,291,739 in 2022 to $32,116,047 in 2023.
- Increasing liabilities: Liabilities rose from $9,795,692 in 2022 to $13,721,811 in 2023, now representing 32% of assets.
- Negative net income in 2021: Expenses ($26,096,317) exceeded revenue ($26,087,174) in 2021.
Strengths
The following positive indicators were identified for Lifeworks Incorporated:
- Consistent high program spending: Over 80% of expenses consistently go to programs.
- Strong asset base: Total assets of $42,546,824 in 2023 provide financial stability.
- History of service: Long operational history indicated by available data back to 2016.
Frequently Asked Questions about Lifeworks Incorporated
What does Lifeworks Incorporated do?
Lifeworks Incorporated is a nonprofit organization in the Human Services sector, located in Westwood, Massachusetts. It is classified under NTEE code P80Z.
How much revenue does Lifeworks Incorporated have?
Lifeworks Incorporated reported total revenue of $42,555,281. Based on 13 IRS 990 filings on record.
What are Lifeworks Incorporated's total assets?
Lifeworks Incorporated holds total assets of $45,581,519 as reported in IRS 990 filings.
Where is Lifeworks Incorporated located?
Lifeworks Incorporated is based in Westwood, Massachusetts.
What is Lifeworks Incorporated's EIN?
Lifeworks Incorporated's Employer Identification Number (EIN) is 222512887. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lifeworks Incorporated?
Lifeworks Incorporated is classified under NTEE code P80Z (Human Services).
Is Lifeworks Incorporated a registered 501(c)(3)?
Yes, Lifeworks Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222512887.
Does Lifeworks Incorporated file IRS Form 990?
Yes, Lifeworks Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Lifeworks Incorporated's revenue in 2023?
In the 202306 filing period, Lifeworks Incorporated reported total revenue of $32,116,047, total expenses of $34,414,679, and net assets of $42,546,824.
Is Lifeworks Incorporated's revenue growing or declining?
Lifeworks Incorporated's revenue is declining. Revenue went from $35,291,739 (202206) to $32,116,047 (202306), a -9.0% change. Based on 13 filings on record.
What is Lifeworks Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Lifeworks Incorporated covers tax period 202306. It shows revenue of $32,116,047, expenses of $34,414,679, total assets of $42,546,824, and liabilities of $13,721,811.
How much does Lifeworks Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Lifeworks Incorporated allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lifeworks Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Lifeworks Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Lifeworks Incorporated?
The following concerns were identified: Declining revenue trend: Revenue decreased from $35,291,739 in 2022 to $32,116,047 in 2023.. Increasing liabilities: Liabilities rose from $9,795,692 in 2022 to $13,721,811 in 2023, now representing 32% of assets.. Negative net income in 2021: Expenses ($26,096,317) exceeded revenue ($26,087,174) in 2021.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lifeworks Incorporated's strengths?
Positive indicators for Lifeworks Incorporated include: Consistent high program spending: Over 80% of expenses consistently go to programs.. Strong asset base: Total assets of $42,546,824 in 2023 provide financial stability.. History of service: Long operational history indicated by available data back to 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does Lifeworks Incorporated compensate executives?
Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the recent decline in revenue for Lifeworks Incorporated, and what strategies are in place to reverse this trend?
The provided data shows a revenue decline from $35,291,739 in 2022 to $32,116,047 in 2023. Without further narrative, the specific causes (e.g., loss of grants, decreased donations, program changes) are unclear, as are any mitigation strategies.
Given the increase in liabilities to $13,721,811 in 2023, what is the nature of these liabilities, and how does the organization plan to manage this growing debt?
The data indicates a significant increase in liabilities. Understanding if these are short-term operational debts, long-term loans, or other obligations is crucial for assessing financial health and the organization's plan for managing them.
Filing History
IRS 990 filing history for Lifeworks Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lifeworks Incorporated's revenue has grown by 196.7%, moving from $10.8M to $32.1M. Total assets increased by 407.2% over the same period, from $8.4M to $42.5M. Total functional expenses rose by 227.6%, from $10.5M to $34.4M. In its most recent filing year (2023), Lifeworks Incorporated reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $13.7M in liabilities against $42.5M in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $28.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $32.1M | $34.4M | $42.5M | $13.7M | — | — |
| 2022 | $35.3M | $30.2M | $39.0M | $9.8M | — | View 990 |
| 2021 | $26.1M | $26.1M | $41.0M | $13.2M | — | View 990 |
| 2020 | $19.5M | $20.0M | $19.5M | $10.3M | — | View 990 |
| 2019 | $18.1M | $18.3M | $16.2M | $6.7M | — | View 990 |
| 2018 | $17.5M | $17.5M | $16.1M | $6.6M | — | View 990 |
| 2017 | $17.3M | $17.5M | $15.6M | $6.2M | — | View 990 |
| 2016 | $17.3M | $16.6M | $14.2M | $5.1M | — | View 990 |
| 2015 | $16.2M | $14.9M | $13.8M | $5.3M | — | View 990 |
| 2014 | $14.4M | $12.8M | $12.5M | $5.3M | — | View 990 |
| 2013 | $11.7M | $11.6M | $9.7M | $4.2M | — | View 990 |
| 2012 | $11.2M | $11.0M | $8.5M | $3.1M | — | View 990 |
| 2011 | $10.8M | $10.5M | $8.4M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.1M, expenses of $34.4M, and assets of $42.5M (revenue -9.0% year-over-year).
- 2022: Revenue of $35.3M, expenses of $30.2M, and assets of $39.0M (revenue +35.3% year-over-year).
- 2021: Revenue of $26.1M, expenses of $26.1M, and assets of $41.0M (revenue +33.7% year-over-year).
- 2020: Revenue of $19.5M, expenses of $20.0M, and assets of $19.5M (revenue +7.5% year-over-year).
- 2019: Revenue of $18.1M, expenses of $18.3M, and assets of $16.2M (revenue +4.0% year-over-year).
- 2018: Revenue of $17.5M, expenses of $17.5M, and assets of $16.1M (revenue +0.6% year-over-year).
- 2017: Revenue of $17.3M, expenses of $17.5M, and assets of $15.6M (revenue +0.6% year-over-year).
- 2016: Revenue of $17.3M, expenses of $16.6M, and assets of $14.2M (revenue +6.4% year-over-year).
- 2015: Revenue of $16.2M, expenses of $14.9M, and assets of $13.8M (revenue +12.3% year-over-year).
- 2014: Revenue of $14.4M, expenses of $12.8M, and assets of $12.5M (revenue +23.2% year-over-year).
- 2013: Revenue of $11.7M, expenses of $11.6M, and assets of $9.7M (revenue +4.7% year-over-year).
- 2012: Revenue of $11.2M, expenses of $11.0M, and assets of $8.5M (revenue +3.4% year-over-year).
- 2011: Revenue of $10.8M, expenses of $10.5M, and assets of $8.4M.
Data Sources and Methodology
This transparency report for Lifeworks Incorporated 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.