Streams of Life Worship Center Inc

Analysis

Streams of Life Worship Center Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Streams of Life Worship Center Inc reported income of $332k and spending of $303k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $382k to $332k (-13%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Streams of Life Worship Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Streetlight Ministries Inc ($332k), St Stephen of Hungary School Foundation Inc ($332k) and Reformed Faith & Life ($332k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $65k. At year end it held assets of $746k against liabilities of $373k, net assets of $373k. It reported 4 employees.