Mylifeline Inc
Mylifeline Inc reports zero revenue and assets, indicating potential operational cessation.
EIN: 205202165 · Denver, CO · Updated: 2026-03-28
Is Mylifeline Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mylifeline Inc
Mylifeline Inc (EIN: 205202165) is a nonprofit organization based in Denver, CO. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mylifeline Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mylifeline Inc is a small nonprofit, with 3 years of IRS 990 filings on record (2014–2016). Revenue has grown at a compound annual rate of -8.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $570K |
| Total Expenses | $690K |
| Surplus / Deficit | $-119,744 |
| Total Assets | $326K |
| Net Assets | $326K |
| Operating Margin | -21.0% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2016, Mylifeline Inc reported a deficit of $120K with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2014–2016), Mylifeline Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -22.0% | +5.1% | -26.9% |
| 2015 | +7.1% | +8.2% | +20.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mylifeline Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Mylifeline Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $120K, with expenses exceeding revenue.
Executive Compensation Analysis
Historically, Mylifeline Inc reported 0% officer compensation across all available filings (2014-2016), suggesting either volunteer leadership or compensation structured outside of typical officer compensation reporting, which is unusual for an organization with revenues exceeding $500,000. With current reported revenue at $0, there is no executive compensation to analyze.
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 Mylifeline Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential operational failure or cessation.
- Significant and unexplained financial decline from historical revenues of over $500,000 to zero.
- Lack of recent detailed financial information makes current assessment of financial health impossible.
Strengths
The following positive indicators were identified for Mylifeline Inc:
- Historically maintained positive net assets and no liabilities (2014-2016).
- Reported 0% officer compensation in active years (2014-2016), suggesting resources were not allocated to executive salaries.
Frequently Asked Questions about Mylifeline Inc
Is Mylifeline Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mylifeline Inc (EIN: 205202165) significant concerns. Mission Score: 10/100. 3 red flags identified, 2 strengths noted.
How does Mylifeline Inc spend its money?
Detailed spending breakdown data is not yet available for Mylifeline Inc. Check back for updated IRS 990 analysis.
Are donations to Mylifeline Inc tax-deductible?
Mylifeline Inc is registered as a tax-exempt nonprofit (EIN: 205202165). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused Mylifeline Inc's revenue and assets to drop to $0?
The provided data does not specify the reason for the sudden decline to $0 in revenue and assets. This could indicate a cessation of operations, a merger, or a significant change in reporting status.
Is Mylifeline Inc still an active organization?
Based on the latest reported financial data of $0 revenue and assets, it is highly unlikely that Mylifeline Inc is still actively operating in the same capacity as its historical filings.
How did Mylifeline Inc manage its finances in its active years?
In its active years (2014-2016), Mylifeline Inc generally managed its finances well, maintaining positive net assets and no liabilities. For example, in 2015, it had a surplus of $74,338 ($730,584 revenue - $656,246 expenses).
Filing History
IRS 990 filing history for Mylifeline Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2014–2016), Mylifeline Inc's revenue has declined by 16.4%, moving from $682K to $570K. Total assets decreased by 12.2% over the same period, from $371K to $326K. Total functional expenses rose by 13.7%, from $607K to $690K. In its most recent filing year (2016), Mylifeline Inc reported a deficit of $120K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $570K | $690K | $326K | $0 | — | — |
| 2015 | $731K | $656K | $446K | $0 | — | View 990 |
| 2014 | $682K | $607K | $371K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $570K, expenses of $690K, and assets of $326K (revenue -22.0% year-over-year).
- 2015: Revenue of $731K, expenses of $656K, and assets of $446K (revenue +7.1% year-over-year).
- 2014: Revenue of $682K, expenses of $607K, and assets of $371K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mylifeline Inc:
Data Sources and Methodology
This transparency report for Mylifeline 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.