L I F E Ministries Inc

Analysis

L I F E Ministries Inc is a registered charity in United States, based in Wolfeboro FLS, NH. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, L I F E Ministries Inc reported income of $262k and spending of $322k, spending 123% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $295k to $262k (-11%), an average of -2.9% a year. The sharpest change came in the year to March 2021, when income rose by 158%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, L I F E Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within NH. Charities of a similar size with the same main cause include Moving for Life Inc ($262k), Dowling Housing Corp ($262k) and Blanket Coverage ($262k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 123% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 2 employees.