Word of Life Fellowship Inc

Analysis

Word of Life Fellowship Inc is a registered charity in United States, based in Schroon Lake, NY. It received its IRS tax-exemption ruling in April 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Word of Life Fellowship Inc reported income of $68.7m and spending of $58.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $56.1m to $68.7m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word of Life Fellowship Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include RBC Ministries ($64.9m), National Society for Hebrew Day Schools ($71.1m) and Wright Center Medical Group ($64.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 30% of the total. Other salaries and wages came to $14.9m. It paid $286k in professional fundraising fees. At year end it held assets of $148.6m against liabilities of $5.2m, net assets of $143.4m. It reported 732 employees.