Word of Life International Inc

Analysis

Word of Life International Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 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, Word of Life International Inc reported income of $5.0m and spending of $4.2m, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $5.0m (+135%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word of Life International Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Youth Outreach Ministry Inc ($5.0m), International Dominican Foundation ($5.0m) and Christian History Institute Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $53k (1.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.9m against liabilities of $545k, net assets of $4.4m. It reported 144 employees.