Family Life Ministries Inc

Analysis

Family Life Ministries Inc is a registered charity in United States, based in Bath, NY. It received its IRS tax-exemption ruling in February 1974, 52 years ago. 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 June 2023, Family Life Ministries Inc reported income of $8.9m and spending of $7.2m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $8.9m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Life Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Georgia Hospital Association Research & Education Foundation in ($8.9m), Southern California Rehabilitaion Services Incorporated ($8.9m) and Ems Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $209k (2.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $19.8m against liabilities of $755k, net assets of $19.1m. It reported 81 employees.