Lifeworks Incorporated
Lifeworks Incorporated: Strong Program Spending, but Declining Revenue and High Liabilities
EIN: 222512887 · Westwood, MA · NTEE: P80Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $42.6M |
| Total Expenses | $34.4M |
| Program Spending | 85% |
| Net Assets | $28.8M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Lifeworks Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lifeworks Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lifeworks Incorporated in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $32.1M and expenses of $34.4M.
Revenue and Expenses
Lifeworks Incorporated reported $32.1M in revenue and $34.4M in expenses, a deficit of $2.3M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Lifeworks Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $29.3M (85%) |
Across stored filings, Lifeworks Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
All Human Services
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Westwood, MA nonprofitsHuman Services in Massachusetts
Human Services in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Human Services spending
Best Human Services charities in Massachusetts
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Growing Places Garden Project Inc
Leominster, MA · $2.1M revenue · Score 90/100
Compare side-by-sideNorth American Marine Alliance Inc
Gloucester, MA · $2.7M revenue · Score 95/100
Compare side-by-sideSharing Foundation
Concord, MA · $1.2M revenue · Score 95/100
Compare side-by-sideMarthas Vineyard Community Television Inc
Vineyard Hvn, MA · $877K revenue · Score 95/100
Compare side-by-sideBrowse the full Human Services peer market in Massachusetts →
Next Best Actions
Keep the Investigation Moving
Lifeworks Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Lifeworks Incorporated is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.1M |
| Total Expenses | $34.4M |
| Surplus / Deficit | $-2,298,632 |
| Total Assets | $42.5M |
| Total Liabilities | $13.7M |
| Net Assets | $28.8M |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 32.3% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Lifeworks Incorporated reported a deficit of $2.3M with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 32.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lifeworks Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | +13.9% | +9.2% |
| 2022 | +35.3% | +15.8% | -4.9% |
| 2021 | +33.7% | +30.3% | +110.7% |
| 2020 | +7.5% | +9.4% | +19.8% |
| 2019 | +4.0% | +4.5% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.3%.
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
Is Lifeworks Incorporated a legitimate charity?
Lifeworks Incorporated (EIN: 222512887) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $42.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lifeworks Incorporated spend its money?
Lifeworks Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lifeworks Incorporated tax-deductible?
Lifeworks Incorporated is registered as a tax-exempt nonprofit (EIN: 222512887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lifeworks Incorporated's spending goes to programs?
Lifeworks Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lifeworks Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lifeworks Incorporated is above average for NTEE category P80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lifeworks Incorporated located?
Lifeworks Incorporated is headquartered in Westwood, Massachusetts and files with the IRS under EIN 222512887. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Lifeworks Incorporated have?
Lifeworks Incorporated 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 $42.6M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifeworks Incorporated:
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.