Overview
What is Lifespire Inc?
Lifespire Inc, located in New York City, is a nonprofit organization dedicated to championing and supporting individuals with intellectual and developmental disabilities to achieve their goals and dreams. With a team of over 1,200 employees, the organization offers a range of residential services tailored to various levels of assistance needed by each individual. These options include intermediate care facilities, community residences, and individualized residential alternatives. Lifespire Inc's mission revolves around providing assistance and support to enable individuals with developmental disabilities to maintain themselves in their community in the most integrated and independent manner possible. The organization is funded through government programs, consumer contributions, and gifts.
Official website here: www.lifespire.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Lifespire Inc. has received a Three-Star rating from Charity Navigator, with an overall score of 88%. This score reflects a strong emphasis on accountability and finance, indicating that the organization demonstrates a solid commitment to transparency and responsible management of its resources. The high score in key areas, such as independent board members and a robust audit and oversight committee, suggests that the organization prioritizes effective governance.
Strengths of Lifespire include a fully independent board and well-established policies in areas such as conflict of interest and whistleblower protections. The charity excels in financial management, with a program expense ratio of 92.76%, highlighting that a significant portion of its expenditures is directed towards its programs rather than administrative costs. This focus on programmatic spending is essential for maximizing the impact of their services.
However, there are some areas for improvement, particularly in the liabilities to assets ratio, which stands at 60.95%. While this reflects a reasonable level of financial stability, it indicates that there may be room for enhancing their asset management strategies. Overall, Lifespire Inc. exhibits responsible financial practices, strong governance, and a clear commitment to its mission, although attention to its financial ratios could further bolster its operational health.
This AI summary has been generated from information found on Charity Navigator.
Is Lifespire Inc legitimate?
Lifespire Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifespire Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $839,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,992,677
For more financial information, click here
Official website here: www.lifespire.org
What is the mission statement of Lifespire Inc?
Lifespire Inc is dedicated to championing and supporting individuals with intellectual and developmental disabilities and their families, enabling them to achieve their goals and dreams. The agency's mission is to provide assistance and support, allowing individuals to acquire functional behaviors and cognitive skills, enabling them to live independently and maintain their place in their community. Lifespire Inc is funded through government programs, consumer contributions, and gifts. The organization's primary aim is to empower people with developmental disabilities to live their fullest lives and reach their potential. With the assistance of Lifespire Inc, these individuals can gain the necessary skills and resources to live as independently as possible. Through various support services, the organization helps them integrate into their community and lead fulfilling lives.
Official website here: www.lifespire.org
Who is the CEO of Lifespire Inc?
Thomas Lydon is the CEO of Lifespire Inc The CEO's salary of Lifespire Inc is $339,698 and their total compensation is $369,289.
Official website here: www.lifespire.org
What is the revenue of Lifespire Inc?
Lifespire Inc's revenue in 2024 was $102,655,389.
Official website here: www.lifespire.org
Who are the executives of Lifespire Inc and what are their salaries?
The average compensation at Lifespire Inc during 2024 was $37,053. There are 1048 employees and 14 volunteers at Lifespire Inc.
Here are 22 key members and their salaries (Lifespire Inc's CEO's salary is $339,698 and their total compensation is $369,289):
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- Compensation: $339,698
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- Compensation: $185,210
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- Other: $39,213
Official website here: www.lifespire.org
Where can I find the form 990 for Lifespire Inc?
Lifespire Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lifespire.org
Learn more at the official website: www.lifespire.org
Mission Statement of Lifespire Inc
Lifespire Inc, a dedicated nonprofit organization, is committed to championing and supporting individuals with intellectual and developmental disabilities to realize their goals and dreams. By providing assistance and resources, Lifespire enables these individuals to attain functional behaviors and cognitive skills, empowering them to live independently in their community.
Founded on the belief that everyone deserves the opportunity to thrive, Lifespire's mission is driven by a deep-rooted compassion for those with developmental disabilities and their families. Through various government programs, consumer contributions, and charitable gifts, Lifespire secures the necessary resources to deliver comprehensive support, ensuring the individuals they serve can lead fulfilling lives with as much autonomy as possible.
At the heart of Lifespire's mission lies the understanding that every person, regardless of their abilities, has dreams and aspirations. The organization's dedicated team is passionate about creating individualized support plans that help individuals with developmental disabilities develop essential skills and reach their full potential. By fostering an inclusive and supportive environment, Lifespire's programs empower these individuals to contribute positively to their communities and live life to the fullest.
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Impact
October, 2024
Lifespire Inc has a profound impact on individuals with intellectual and developmental disabilities, championing their aspirations and facilitating a pathway for them to achieve their goals and dreams. In New York, the organization provides a range of residential services tailored to the unique needs of each individual, fostering independence and personal growth.
Through options such as Intermediate Care Facilities, Community Residences, and Individualized Residential Alternatives, Lifespire ensures that every person receives the appropriate level of support while encouraging a high degree of autonomy. The Intermediate Care Facilities offer comprehensive care for adults with multiple disabilities, while Community Residences provide structured living environments that promote safety and community interaction. Individualized Residential Alternatives represent an innovative approach, creating customized living solutions for those whose needs go beyond traditional service offerings.
Lifespire's mission not only focuses on providing necessary assistance but also emphasizes building functional behaviors and cognitive skills, enabling individuals to thrive within their communities in the most integrated and independent manner possible. The organization's efforts significantly enhance the quality of life for these individuals and their families, fostering empowerment and inclusion.
This information is meant to be a general summary of Lifespire Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,103,003
- Program Service Revenue: $99,697,972
- Gross Receipts: $102,655,389
Assets and Liabilities:
- Total Assets: $111,308,535
- Total Liabilities: $66,029,734
- Net Assets: $45,278,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$95,759,335
PARTICIPANTS' SHARE OF ROOM & BOARD
Revenue
$3,812,337
RETROACTIVE RATE ADJUSTMENTS
Revenue
$126,300
Organization Details
Founding Year
1951
Principal Officer
Suzanne Revell
Website
www.lifespire.orgNTEE Category
Code: P820 - Human services
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