Question 1

What is the mission of LIFEARC?

Accepted Answer

SIC Code: 72110 - Research and experimental development on biotechnology1. Performing our own research in order to progress technologies and treatments for the benefit of human health.2. Work with universities, charities, public bodies and industry to accelerate the progression of  biomedical discoveries to develop new treatments or therapeutics for the medical profession and public.

Question 2

What is the financial size of LIFEARC?

Accepted Answer

LIFEARC is classified as a major charity. In the latest financial year, they reported a total income of £205,043,000 and total expenditure of £95,934,000.

Question 3

How does LIFEARC allocate its spending?

Accepted Answer

For every pound spent, approximately 97.6% goes directly to charitable activities. The remaining 2.4% is spent on raising funds and administration. This is higher than the median for similar-sized charities (96.6%).

Question 4

What is the workforce structure of LIFEARC?

Accepted Answer

LIFEARC employs 345 staff members and is supported by 0 volunteers.

Question 5

Does LIFEARC receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does LIFEARC pay its trustees?

Accepted Answer

Yes, the latest data indicates that one or more trustees receive payments or personal benefits from the charity.

LIFEARC

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