Lifenet Health
1864 Concert Dr, Virginia Bch, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $598,564,898 | $580,539,536 | $401,065,002 |
| FY2023 | $535,478,299 | $520,247,214 | $380,013,433 |
| FY2022 | $456,633,012 | $443,032,293 | $362,575,269 |
| FY2021 | $455,372,311 | $434,702,789 | $354,883,098 |
| FY2020 | $407,112,272 | $376,365,281 | $329,221,835 |
| FY2019 | $441,142,112 | $418,080,406 | $293,586,561 |
| FY2018 | $418,564,024 | $386,000,217 | $267,654,967 |
| FY2017 | $376,123,942 | $336,221,824 | $236,710,833 |
| FY2016 | $352,554,205 | $289,255,742 | $196,951,230 |
| FY2015 | $260,188,283 | $240,800,853 | $133,037,543 |
| FY2014 | $210,059,963 | $209,144,869 | $111,677,909 |
| FY2013 | $210,955,289 | $203,765,820 | $115,356,299 |
| FY2012 | $175,624,673 | $171,637,005 | $105,901,307 |
| FY2011 | $156,976,614 | $149,432,664 | $95,817,494 |
Form 990 filings
The returns filed by Lifenet Health (EIN 52-1273592), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $175,716 | <1% |
| Program service revenue | $587,707,741 | 98% |
| Other revenue | $10,681,441 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $496,197,866 | 85% |
| Management & general | $84,341,670 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2024. That is higher than 61.5% of 91 Health Care organizations in VA.
- Net assets covered about 8.3 months of expenses at the end of the reporting year. That puts it in the 35th percentile among 538 Health Care organizations in VA.
- Total revenue was higher than 98% of 552 Health Care organizations in VA.
- Total revenue rose from $156,976,614 in FY2011 to $598,564,898 in FY2024. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $95,817,494 to $401,065,002 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E65 — Health Care (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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