Lio Mission Inc

Analysis

Lio Mission Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lio Mission Inc reported income of $550k and spending of $606k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $550k (+133%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 119% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lio Mission Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Liberacion Y Poder de Dios Inc ($549k), Project One8 ($550k) and Crown Chaplain Services Inc ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $199k. At year end it held assets of $54k against liabilities of $368k, net assets of -$315k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.